This morning we once again highlighted some decent bids at 0.7975 in EURGBP with a reported barrier option behind those at 0.7950
And once again it’s been enough to ward off further falls and put a bid under EURUSD around the 1.3575 area along with decent dip demand on EURJPY to name but one other.
The rally to 0.7987 has also put a cap on cable above 1.7020 but the bids between 1.7000-10 still provide strong support.
Offers on EURGBP into 0.8000-10 may well coincide with any further pressure on GBPUSD so keep an eye out for the cross influence again.
Currently 0.7992 and 1.7010 from 0.7978 and 1.7022
EURGBP H4 23 June
