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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”.

      EUR/USD: Revisits daily lows, Double bottom?

      The EUR/USD pair surprised markets today by trading weak despite sharp losses in the European equity markets. The pair has moved back to trade closer to its session low of 1.1155 levels.
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      Treasury yields hit by risk aversion

      The European equity markets declined sending investors running for cover in traditional safe haven assets including US treasuries.
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