EUR/GBP maintains its break of key support from the series of lows for the year at 0.8729/18. Economists at Credit Suisse expect the pair to suffer further losses.
Resistance at 0.8770 set to cap
“We continue to look for a more concerted downturn, with support seen initially at 0.8648/40, ahead of the uptrend from early 2022, now at 0.8605. Whilst we would look for this to hold initially, we look for a break in due course for the ‘measured top objective’ at 0.8455.”
“Resistance at 0.8770 ideally caps.”
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