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EUR/GBP pushing higher
The EUR/GBP price has moved back above the 200-day simple moving average (SMA) at £0.8487, and, after a modest pullback overnight, it is looking to push above yesterday’s high near £0.8540.
We have significant resistance levels to break at £0.8626 and then £0.87, but the price action last week indicated there was significant support around the £0.8410 area. As long as this holds, dip buyers may well continue to enter and push the price higher.