We’ve ticked below to 0.8398 but there is said to be good demand here from corporates, but stops are said to be coming in below 0.8390. There’s bids on the way down to a reported barrier at 0.8350. I mentioned the 55 wma a couple of days ago and that’s now up to 0.8388 an may play a big part in offering support.
We’re on the move as cable runs into offers and tech resistance at 1.6080/89. While EUR/USD can’t decide if it loves or hates 1.3500.
EUR/GBP Weekly chart 25 09 2013
Hat’s off if you shorted at 0.8440/45 as you’ve banked a nice few pips there.
