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EUR/GBP still targets 0.8526 – Commerzbank

The European cross keeps targeting 0.8526 as long as it remains capped by 0.8826, according to Axel Rudolph, Senior Analyst at Commerzbank.

Key Quotes

EUR/GBP fell back to the 55 day moving average at .8784, having fallen short of the 200 day ma at .8876”.

“While capped by the 200 day ma we will continue to target .8526, the 78.6% retracement of the move from 2017. En route is the .8620 recent low and a support line at .8572”.

“Above .8879 would allow for a recovery to the .8969 recent high and the .9034 October 2017 high”.

US Dollar around 92.90 ahead of Trump, session peaks

The greenback, in terms of the US Dollar Index (DXY), keeps the firm note so far this week and trades near 2018 tops around 92.80. US Dollar looks to
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GBP/USD keeps the bearish note intact – UOB

Cable stays bearish for the time being, while scope for a test of 1.3458 has lost traction, according to FX Strategists at UOB Group. Key Quotes 24-
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