Royal Bank of Scotland - "EUR/GBP SAME COMMENT AS YESTERDAY BUT JUST AS RELEVANT This was always going to be the big test for EUR/GBP this zone between 0.8116 and 0.8156 and my first reaction to how price action has behaved in it is one of concern. The reordered high is 0.8162 and the short term charts have continued to look increasing heavy since we entered this zone. It looks a good time to exit longs here and potentially consider entering shorts if the market breaks South through 0.8116.
SUP: 0.8030 0.7991 RES: 0.8116/56 0.8264
Strategy: Bias is for the up move to begin to slow here in the 0.8116/56 range. Exit longs here and consider shorts if the 0.8116 level is broken to the downside.