It's been a tale of two halves for the euro so far in Europe 2 Aug
EUR pairs enjoyed a solid run higher to begin with and we posted 1.1870 on EURUSD with EURGBP hitting 0.8970 and EURJPY 131.41
After the EURGBP spike exacerbated by soggy UK PMI data I highlighted decent sell interest at 1.1880, 0.8980 and 131.50 and we've now seen the retreat after failing to break higher. Euro longs happy to take some money off the table.
Currently 1.1835, 0.8940 ( and underpinning cable to hold above 1.3230 but off its 1.3246 highs after failing at 1.3250 again) and 131.03
Even EURCHF has turned down to 1.1470 after its sharp spike failed into the 1.1500 offers/res.
Great two-way range-trading pips to be had as long as you don't get greedy.
EURUSD 15M
