EURGBP is finding decent demand around 0.7100
Although the big figure was breached this week there's still been enough buyers to get the price back above the figure.
The pressure is still on the pair but we're coming to a point where we'll need to see these downside levels taken out or we face the prospect of running higher once again
EURUSD daily
Blowing that same old trumpet, Greece is obviously going to be a big factor in the next big move. If we are going to see the market shift back to concentrating on the European fundamentals, ECB QE and rate differentials after Greece then any bounce on good Greek news could be an opportunity to add to shorts or enter new short positions.
A break below 0.7000 will be a good signal for short traders too
A full-on break above 0.7375/0.7400 will be a cue to think about a bigger upward move. For shorter term traders there's a decent range to play here but beware those sneaky headlines
