We’ve seen a gradual decline back to current levels of 0.7860 after failing to hold above 0.7875 with option expiries looming today at 0.7850 having a magnetic pull. The soft tone is helping to keep a bid under GBPUSD, currently hanging around 1.5630
EURUSD has also taken a look back below 1.2300 as USDCHF bounces off the 0.9760 level I’ve been highlighting which has also seen EURCHF pulled higher to 1.2052 despite the soggy EUR action elsewhere. Next intra-day hurdle to clear is 1.2065 before we can get excited about a further acceleration into the key 1.2100 level again
I’m out of here now and will see you all tomorrow for more fun and games.
Here’s another seasonal offering to keep you all in good cheer!
Be careful out there
