The pair has once again found itself in retreat 27 Sept
After the early cross-play action that saw EURUSD pinned around 1.1250 we're now seeing session lows of 1.1225 as EURJPY falls to test 112.50.
EURGBP is also on the retreat after a failure into 0.8700 having earlier rebounded from 0.8646 in what's been a roller coaster ride this morning. That EURGBP supply now below 0.8650 again is giving cable a sharp lift back up to 1.2990 after falls of its own to 1.2937 earlier.
Plenty of offers between 1.1280 and 1.1300 as per the order-board that I have been highlighting yesterday and today and now we have large option interest to add to that heady mix.
Smaller option-based demand interest at 1.1200 should help stall further declines.
