EUR/GBP: upside back in vogue, at highs, where next?

EUR/GBP is currently at fresh highs into the close of the US session, reaching 0.8428 the high after a battle to get through the 0.8400 level for the best part of Europe and a few scores through in the US shift. 

The pound was offered again with cable dropping to 1.3073 lows from over 200 pips higher from overnight levels, dropping back from the 20 sma on the 4hr sticks at 1.3236. However, a sthe upside in the greenback prevails and EUR/USD also feels pressures, the price could well stabilize with the the US economy apparently accelerating in June.

EUR/GBP levels

Analysts at Lloyds explained in their article 'EUR/GBP: Further consolidation likely,' “Long term, in conjunction with the GBPUSD view above, we believe this move to the topside is the last within the correction from the 0.7000-0.6900 support region. Above 0.8700, sees next resistance in the 0.9000-0.9200 region.”