The pound and euro find themselves under the cosh as we head to the US sesh

The quid and euro fall further from their highs

Cable hasn't been shy in pulling back from it's trip into 1.2800. We've been to 1.2784 in the latest move and the 1.2770 level is still the important one. We tried to have a go at it last night and could only grab a few pips under before the dippers woke up.

GBPUSD & EURUSD 15m charts

For the euro, 1.0735/45 is the line to watch here, followed by the 1.0710/20 and 1.0700 levels.

This move is a mix of some USD strength but also yen cousins turning south too.

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