No dead-cat bounce in cable so far but yesterday there was a rebound in most beaten-down pairs late in the day so don’t rule it out.
Bids at 1.6700 gave way in the foray down to 1.6698 earlier and there has been steady but unspectacular demand here and at the lows. If the pair begins to leg down again, look for bids at 1.6665/55 and more at 1.6605.
EUR/USD bids are at 1.3580 but there is nothing substantial until closer to 1.3500.
EUR/JPY is a better spot to watch as it flirts with the 200-day moving average at 138.30.
EUR/JPY daily
