EUR/GBP pullbacks could find support at 0.7691/19 – Commerzbank

In opinion of Karen Jones, Head of FICC Technical Analysis at Commerzbank, pullbacks in European cross should find support around 0.7691/19.

Key Quotes

“EUR/GBP’s high of .7896 has been accompanied buy a large divergence of the daily RSI and this suggests a loss of upside momentum and that we are likely to see some corrective price action this week”.

“Dips should find support at .7691 20 day ma and the .7619 short term uptrend”.