SEB: EUR/GBP sees some support at the long-term trendline – eFXnews

FXStreet (Barcelona) - The eFXnews Team shares SEB’s intraday outlook for the EUR/GBP pair, noting that the pair stands supported by the long-term descending trendline.

Key Quotes

“A descending 2010-2012 trendline ought to inspire some profit-taking when conditions are so short-term stretches as they currently are. But the bounce may become both short & shallow with daily and weekly mid-body points at 0.7525/55 providing presumed resistance.”