Technical analysts at Commerzbank note that the single currency has overcome 200-day MA at 0.8516 trading versus the British pound and renewed 3-week maximum at 0.8552.

According to the specialists, if EUR/GBP closes the day above 0.8516 it will manage to climb above resistance in 0.8605/0.8640 area limited by the 55-day MA and 50% Fibonacci retracement.

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