EUR/GBP: Up move resumed - Commerzbank

Karen Jones, analyst at Commerzbank, suggests that the EUR/GBP cross seems to have already resumed its up move after it recovered ahead of the .8941 October high.

Key Quotes

“The recent move higher does look directional and we would expect to see the market challenge the .9101 August high. Above .9101 would target the top of the 2016-2018 channel at .9172. Below .8900 lies the 200 day ma at .8842.”