A first look has been knocked back at 0.7989 as EUR/USD chews into resistance at 1.3420/25. 1.34.32 the high so far and it looks hard going.

The move’s been matched by dollar weakness in the yen and swissy yet other dollar pairs like the pound and aussie are doing nowt. Even USD/CAD is holding the post jobs gains.

EUR/GBP has the July 2013 resistance line to contend with as well as the 55 dam at 0.7991

EUR/GBP Daily chart 08 08 2014

EUR/GBP Daily chart 08 08 2014