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London Hypo 14th Feb

Bias remains bearish for EURUSD therefore we are only considering short positions for the time being as long as we are holding below key resistance above. We are seeing some selling into the London open which could follow through however be aware of the possibility of a final drive above the Asian high before further selling.

Keep in mind we have CPI today at 1.30pm (GMT) therefore this morning may provide low volatile range bound movement.

EURO FUTURES (6E - march expiry)

(AM Session)

EURO Futures (Daily)

EURUSD (30min)


GBPUSD (GBP futures 6b / march)

(AM Session)

Bias remains bearish for cable also for the time being although the next levels of resistance need to hold in order for me to remain bearish (below 1.22)

The profiles are not showing great levels to trade around therefore we could see some rangebound pricing with little clear direction.

GBP futures (daily)

GBPUSD (30min)


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