EURO futures (6E, June)
We have come to the line in the sand as I write this for EURUSD, if we can hold this am poc and daily single print zone upon London open then there is a possibility of a wider bearish move clearing some clean liquidity below. However if we don't hold here and break through it is likely price discovery will continue higher into new highs.
Be aware of both scenarios in fig.3, even a dip upon London could find buyers around AM session VAH and POC, footprint would confirm whether this level will remain strong. Any shorts should at least be covered risk free by this point.
VWAP angle: 20 (neutral)
Line in the sand for shorts: 1.0940
AM session Profile (fig.1)
EURO daily future profile (fig.2)
EURUSD 15min candlestick chart (fig.3)
GBP futures (6B, June)
Similarly to EURO, we have a clear line in the sand for short positions. If the market can break and hold this key resistance upon London open then the bias will switch to long positions.
Line in the sand: 1.2460
VWAP angle: 60 (bullish)
Am session profile (fig.4)
Daily profile (fig.5)
GBPUSD candlestick chart (fig.6)
