A 1.5300 option expiry has been blamed for the pairs move down towards 1.5300 but the lowest we’ve got is 1.5305. 1.5290
It seems that earlier rumoured corporate buying and m&a news has come out in the wash as we’ve been on a loser since the highs.
Should we break below the big figure then targets of the 55 H1 ma at 1.5273, the 55 dma at 1.5260 and 100 H4 ma at 1.5265 will come in to range. Bids are still down at 1.5280 ahead of the tech levels.
Update: EUR/GBP has been benefiting from the moves posting highs up to 0.8578. We have the 55 dma at 0.8580 followed by resistance at 0.8591.
