We've seen EURUSD give up on 1.1000 as the clock ticks down
Earlier I posted on the euro's rise and challenge on 1.1000 but warned of strong sell interest into 1.1000.
That resistance has indeed prevailed and the pair has now been back to 1.0967 taking EURGBP down with it back below 0.7750 which in turn put the expected demand back under GBPUSD.
That rally has failed now though above 1.4160 with traders taking a few pips off the table and we wait to see what unfolds after the data release.
Currently 1.0970, 1.4150 and 0.7750.
