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14 Apr 2015
EUR/GBP further upside towards 0.7625 likely – RBS
FXStreet (Barcelona) - Dmytro Bondar, Technical Analyst at RBS, maintains a bullish view on EUR/GBP, targeting 0.7625 levels.
Key Quotes
“The pair has bounced from the 0.7000 support level, as weekly MACD turned bullish and the pair recovered above the next level of 0.7151, indicating that there will likely be an increased pressure on the 0.7390 resistance with further breakout opening 0.7628 and above targets.”
“Therefore, I believe the near term will see a range of 0.7152 – 0.7390 with long term upside breakout likely, targeting 0.7625 at least.”
“Caveat will be a break below 0.7000.”
Key Quotes
“The pair has bounced from the 0.7000 support level, as weekly MACD turned bullish and the pair recovered above the next level of 0.7151, indicating that there will likely be an increased pressure on the 0.7390 resistance with further breakout opening 0.7628 and above targets.”
“Therefore, I believe the near term will see a range of 0.7152 – 0.7390 with long term upside breakout likely, targeting 0.7625 at least.”
“Caveat will be a break below 0.7000.”