At the Open. Approaching key levels.

09:24CET

Good morning everyone, hope you are fine. The indications given my some technical moves seen yesterday alerted us of the possibility of crucial (or let's not be dramatic, important) times ahead.

EUR/USD is recovering earlier losses, an indication that bids are starting to mount (as they should, technically) around the 1.3830 area, while offers start to show muscle @ 0.9670 in the Swissy. Also, an important pair these days given the damned prices of Gold (now around $1,345), is the AUD/USD, who happens to find some real support in the 0.8780 area, ahead of the important 0.8750 level.

EUR/CHF is trading in the 1.3370 region and it is acting as a driving force in the market at the moment, so watch it carefully. And so watch Cable, as CPI figures are released in a matter of hours and can be distorting for the market.

Posted via email from MT4