Heading up despite stronger UK employment data (overshadowed by the ESM ruling from the German Constitutional Court) with a day’s high of 0.80235, tripping some small buy stops through 0.8020 enroute.
There’s a large option expiry today at 0.8000 however, which may well attract towards the 1000NY cut. Tech resistance sits up at 0.8040/45 and trendline resistance from last year coming in around the 0.8050 level. Support remains down towards the 100 day MA at 0.7972.
The cross is presently trading around 0.8017
