Given we have USD CPI this afternoon at 1.30, its quite possible any medium term moves will be muted until this is released, therefore any positioning this morning preferably would be with a short term view and remain aware of manipulation upon the news release.
Euro Futures (6E, June)
A lot will depend on how London opens shortly, any buyers will be met with resistance at the AM naked POC, which aligns with relatively closely with daily POC also.
AM TPO
Daily TPO
EURUSD candlestick chart - For the time being we don't see any clear entry models like GBP below, therefore we will await something clearer
GBP Futures (6B, June)
Claimant count news this morning giving GBP a boost, taken us into some key levels pre London. Wit USD CPI this afternoon, we are favouring a run higher on USD crosses however we could expect a pullback upon the open offering better entries for a continued move higher.
Daily TPO
AM TPO
GBPUSD candlestick chart
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