From SocGen:
Having achieved our advocated target of 0.7750, has
been undergoing a pause. The pair has sustained above the confirmation level of
the double bottom and inverted H&S at 0.75/0.7450 which remains an important
support. Recently, the pair has rebounded after testing a multi month trend
support (currently at 0.76) and is now closing in on January highs of
0.7750.
