Just when the technical picture was turning....
The EURUSD moved below the 1.0713 and reversed.
The EURGBP was also thinking lower but it too reversed.
The catalyst is the comment from ECB Nowotny that the ECB could raise the deposit rate before the main rate.
Looking at the EURGBP, that pair has moved from a low in the last hourly bar at 0.8668 to 0.8698 currently. The pair is approaching the 200 hour MA at hte 0.87048 and the 38.2% of the move down today. Earlier today, the pair was hit on the back of the vote by BOE member Kristin Forbes to raise rates by 0.25% at today's meeting. She was outvoted but there were other members who turned a bit more hawkish on the back of inflation concerns..