EURGBP set to target 0.9201

Having met and surpassed some key objectives, the euro is set to move higher against the pound says the technical analysis team at Credit Suisse in London. The next target now stands at 0.9201. This represents the medium range target built off the post Brexit high from 2016. Before this however, resistance may be met at 0.9161, the 78.6% retracement from the August 2017 fall. In the meantime, immediate support exists at 0.9057/53.

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