FXStreet reports that analysts at Credit Suisse discuss EUR/GBP prospects.

“Whilst we would look to see a weekly close above key resistance at 0.8643/65 our bias is for this to be achieved to see a base established to reinforce a recovery theme. Additionally, a close above 0.8574 today would also see a bullish ‘reversal week’ established to further reinforce a recovery story. We would then look for a move to 0.8732 next, then the 38.2% retracement at 0.8761.”

“Big picture, we would not rule out a move back to the ‘neckline’ to the medium-term top at 0.8861.