The pair is chewing through decent offers again around 0.7420 after the weak UK services data
The level was a solid resistance until we blew through after the soggy NFP data on Friday but we now look poised to have another look upstairs
The euro is enjoying a good day at the office generally, despite firmer equity markets and this is adding to the upward pressure
More offers at 0.7435 then 0.7450 should still prove tough intra-day resistance though. Larger res/offers at 0.7485 then 0.7500
We also have decent cable demand below 1.5200 to through into the mix
Support/bids between 0.7350-75 with a few now at 0.7400 to check declines from here
