EURUSD has fallen this morning after failing to breach resistance into 1.1400
I highlighted the strong offers/res around 1.1400 earlier and the retreat has duly continued helped by further EURGBP and EURJPY supply.
Currently 1.1330 after lows of 1.1323 and now within spitting distance of large options expiries around 1.1300. Coincidence or otherwise but not to be ruled out of the reasons for downward pressure but we should also expect some defence if we dip lower.
Meanwhile GBPUSD also finds itself on the back foot again after earlier 1.4673 highs. Additional demand/support now reported at 1.4600.
Lows so far 1.4604.
