EUR/GBP to enjoy a deeper recovery in the long-term sideways range – Credit Suisse

EUR/GBP is expected to steadily strengthen within its long-term sideways range, in the view of economists at Credit Suisse.

Resistance is located at 0.8904/08

“The completion of a near-term base above 0.8823/29 is expected to provide the platform for a deeper recovery in the long-term sideways range.” 

“Resistance is seen at 0.8904/08 initially, above which can see strength back to 0.9100/14 and potentially 0.9269/92.”

“Below 0.8690 is needed to see the base neutralized.”