EUR/CHF and EUR/GBP were the main movers overnight after some sizeable hedge fund selling during Asian trade got the ball rolling. Continued EUR weakness is likely to manifest itself through the crosses whilst EUR/USD chops around on the 1.40 handle. Cable has made a nice bounce off 1.6050 technical support and buying dips is now back in fashion, USD/CHF is back on the bear train and the AUD/USD made an impressive Sovereign-led recovery after heavy hedge fund sales.
Good luck today
