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

“EUR/GBP closed last week below price support at 0.8561 and this has seen a bearish ‘reversal week’ established and with the market also below its 13-day exponential average and 55-day simple averages this should reassert a broader negative bias again.” 

“We maintain an immediate bearish bias with support seen at 0.8505/01 initially, then the lower end of the trend channel that has been in place from late February and current cycle low at 0.8450/43, with a fresh hold here expected for now.”