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Selling continuation

USD

EUR and GBP tested high of the session, but more a USD selling function.

  • Look to have been order flow related, given the lack of momentum.
  • This is some continuation from the overnight session, on the back of lower US yield, after Fed Rosengren, said it was too soon to talk about reducing the pace of Bond purchase.

Quick NNI tech:

  • EURUSD resistance 1.2230/85 High Jan 11 / 8
  • Cable resistance 1.3704 High Jan 4, but better at 1.3712 Low Mar 1, 2018

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