EUR/GBP is trading a little firmer on the day, presently at .8725 from an early .8710. Next technical resistances now up at .8745/50. As a result it’s not surprising to hear sell orders lined up at .8740/50.
EDIT: Also talk of .8750 barrier option interest.
The euro bulls will be looking for .8700 to now provide a solid base for a push higher. I’d have to think there are some sell stops gathering not far below .8700.
Thinking about it further, they’ll be likely stops just above .8750 as well.
