Early London trade has seen the EURGBP take out the 0.8700 level and heads ever closer to support at 0.8600 which also coincides with the 50 day MA.
The market’s dislike for the EURO continues with most EURO crosses trading on their lows for the day, or close to them. EURJPY 115.90, EURGBP 0.8691, EURCHF 1.4960.
The EUR still seems to be holding ground against the USD with the EURUSD currently at 1.2760. The 1.2700 level is going to be crucial tonight!
The AUDUSD is hanging in there currently just off its daily high (0.6546) at 0.6526 with the only negative for the AUDUSD being the weaker outlook for the EURUSD.
