Since breaking above the 0.8518 level back on May 21 EUR/GBP has continued to find support on dips ahead of the 0.8518-41 region with the 100-DMA noted at 0.8528. So far the spikes to the 0.8600 level have lacked follow through and met with decent selling interest. The pair needs to break back below the 0.8518 level to see focus shift from continued tests of the 0.8600 level and a potential spike to the 0.8635-40 region, to a retest of the 0.8398-20 support region.
