• EUR/GBP: S/T Trend Is Sideways For Now - Credit Suisse

Market news

8 January 2021

EUR/GBP: S/T Trend Is Sideways For Now - Credit Suisse

eFXdata reports that Credit Suisse discusses EURGBP technical outlook. 

"Whilst there remains the potential we may be seeing the construction of the “right shoulder” to a larger top, the immediate prospect remains seen for further sideways ranging. Near -term resistance moves to .9096, above which can see strength extend to .9158, then back to what we see as tougher resistance at .9213/30, which we continue to look to cap. Support seen at .8974, then .8931/29. Below this latter area is needed to clear the way for a retest of medium -term support at .8871/61," CS adds.

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