We’ve seen a couple of attempts lately to climb back through 0.7850-60 after its look around 0.7750 last week but so far it’s not been able to breach the decent offers in place between 0.7850-55
Even this morning’s rally after the ‘orrible services PMI failed to penetrate and we retreated back toward 0.7820 helped lower by a weaker euro but also by support on cable around 1.5180
We’re now seeing a move back to 0.7842 as EURUSD buyers return below 1.1900 but with GBPUSD failing to get back above 1.5200.
A breach of 0.7855-60 should trigger stops to test the next batch of offers/res into 0.7885 then 0.7900. Bids/support at 0.7820 and 0.7800
All interactive as ever and delicately poised as we head into the next session
EURGBP 4H 6 Jan
