The pair has EUR 911m rolling off today at 0.7825 as I highlighted earlier here and here and we’ve seen an attempt to drive the price below from 0.7850 only to find some concerted effort to recover back above the level
The move down through 0.7825 added support to cable down around 1.5110 where bids/tech support are building down to 1.5090 and we saw a sharp rally back above 1.5140 only to cap as EURGBP chewed its way back up
Definitely seems like a bit of a battle going on at the 0.7825 expiry price and will be worth keeping an eye on over the next couple of hours
