Commerzbank EUR/GBP has again rallied higher - Commerzbank

FXstreet.com (London) - Commerzbank analysts said that the pair faces two tough overhead obstacles.

They say that one is the top of the cloud at 0.8613 currently and the second is the 0.8637 April peak. Explaining, that around this level the currency pair is likely to again lose upside momentum, however. Intraday they suggest that the market will stay immediately bid above 0.8535, and below here will see some minor slippage to 0.8500.