The pair has failed to hold gains above 0.7200 and has fallen this morning to 0.7152 in what has been a general USD+ retreat
Bids/support around 0.7155 holding so far while offers remain in the rallies
Large barrier option support noted at 0.7000 and 0.6950
Monday's 6 year low of 0.7044 now the benchmark while today brings option expiries of decent size which may well be helping the cap so far
Options volatility is off its highs which suggests we may be range trading for a while yet
Currently 0.7163
