EURO Futures (6E, June)
AM TPO - We have a lot of support below the session profile however given the higher time frames, I will not put too much importance on the lower time frame support as I remain bearish until we can break the highs as we can see on the candlestick chart below.
Daily TPO - We have came back to fill the single print from FOMC last night, and not beginning to drop. VAH and Asian low are aligned with naked POC on the AM therefore there is the possibility for a bounce, however if you are coupling this with EURUSD, I believe the USD will prevail until the low is snapped.
EURUSD - 15min candlestick chart, we are at the extremes now for this pair, its a make or break play from here, bulls could continue through daily resistance which has held strong for 3 weeks now.
GBP Futures (6B, June)
DAILY TPO - Sitting on strong resistance which will dictate the next move for GBP, as long as we hold, our bias remains for further selling much lower however we will take each level as they come. As per AMT, we are trading outside yesterdays Value area meaning we can expect price discovery higher.
AM TPO - Bias remains bearish throughout the day, looking to at least retest some of the previous profile areas.
GBPUSD - 15min candlestick chart
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