The current wave of euro selling on ECB corp bond purchases means it all about-turn again for this pair having failed ahead of the 0.7950 offers earlier that I highlighted
Now it’s time to test the bids between 0.7900-10 which have survived a couple of attacks so far in recent sessions. Previous support at 0.7895 and more buyers behind that into 0.7880
Probably worth a buy into 0.7900 ( low so far 0.7905) with a tight-ish stop given that GBPUSD also has offers around 1.6180-85. Currently finding a few buyers to 1.6170 on the EURGBP dip.
EURUSD currently 1.2788 and falling
EURGBP H4 & orders 21 Oct
