EUR/GBP keeps pointing north – Danske Bank

Valtteri Ahti, Chief Strategist at Danske Bank suggested risks for the European cross remain tilted to the upside.

Key Quotes

“EUR/GBP broke above the 1 October high at 0.8920 yesterday. We still see risks mainly skewed to the upside near term”.

“The cross was rejected at the 31 August low at 0.8938, which is the key technical resistance level to watch out for now. A break above this level could potentially open up for a test of the 0.90 level from a technical point of view”.