Sell EUR/GBP on current strength – Commerzbank

Karen Jones, Head of FICC Technical Analysis at Commerzbank, recommended selling the European cross on ongoing strength.

Key Quotes

“EUR/GBP has recently reached target, has a 13 count on the daily chart, complex divergence of the daily RSI and directly overhead lies the 2008-2016 resistance line, which is located just above here at .8162/0.8200 – we will now sell this currency pair”.