There’s no keeping this sucker down is there?

Support is being found on dips under 0.8000 and cable’s collapse this morning has pushed the cross up towards resistance at 0.8035. Offers at 0.8025 are still intact and keeping things at bay for now.

EUR/GBP Daily chart 19 08 2014

EUR/GBP Daily chart 19 08 2014

Support still comes by way of the 55 dma and August 2013 trendline.

We’ve also go an interesting setup in GBP/CHF which is finding support along Feb 2013 support line and 100 dmaat 1.5077.

GBP/CHF Daily 19 08 2014

GBP/CHF Daily 19 08 2014

The swissy looks to have taken some heat from further Ukraine fighting in general but it’s only mild. Still it looks like a fairly good intraday opportunity if cable doesn’t break lower. There looks to be reasonable daily support around 1.5050/60 so a long around here with a stop under there looks a decent play.