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EUR/GBP could slip to the mid-0.7100s – Commerzbank

FXStreet (Edinburgh) - In the opinion of Karen Jones, Head of FICC Technical Analysis at Commerzbank, pullbacks in the cross could reach the mid-0.7100s.

Key Quotes

EUR/GBP has eroded the .7223 8th July peak this leaves it on the defensive”.

“Below here will trigger losses to the .7167/55 day ma and the .7150 pivot line”.

“This guards the .6937 July low. Some caution is warranted – the Elliott wave counts across the board remain positive”.

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