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London Hypo 21st Feb

EUR Futures (6E)

Intentions unclear to me for the time being, bias remains bearish although not trading in a good value zone for the time being, an bullish rally into green zones will be considered good shorting areas given footprint and DOM confirmation

AM session chart

Daily chart


GBPUSD Futures (6B)

Similar picture to the euro in the sense the market is not trading in a preferred area for shorts , some clear resistance up ahead which would provide better opportunities for shorts


Line in the sand for short bias <1.2080, if we break this level the bearish bias would come into question as the market is at risk of auctioning higher




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