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    EUR/GBP extends the upside above 0.7900

    EUR/GBP is slightly off highs at the beginning of the week, looking to consolidate the recent breakout of the 0.7900 barrier.EUR/GBP boosted by ‘Brexit’ jittersThe cross met increasing upside pressure early in Asia today, as fears the UK might leave the EU at the referendum in late June have sparked a wave of selling interest around the Sterling.In addition, the prevailing risk-off trade has been somewhat supportive of the single currency, pushing the cross to flirt with fresh multi-week tops in the vicinity of 0.7930.Nothing worth mentioning data wise today, with UK’s inflation figures and EMU’s Industrial Production out tomorrow.EUR/GBP key levelsThe cross is now gaining 0.37% at 0.7922 and a break above 0.7947 (high May 4) would expose 0.8119 (2016 high Apr.7). On the flip side, the next support lines up at 0.7851 (55-day sma) followed by 0.7818 (100-day sma) and finally 0.7757 (low Jun.7).

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