EURGBP rejects 0.8750 once again

Technical Analysis

Author: Matthew Bacon-Hall | eurgbp

The cross fails on its third attempt to crack the 0.8750 level.

We have seen a high this morning of 0.8748, with some obviously good selling interest at 0.8750
Sterling has held this mornings gains following the better than expected PMI numbers,whilst the Euro leg has drifted lower from the Asian high of 1.1256

In terms of order interest in EURGBP, there is minor support at 0.8700-05 and better bids below at 0.8650