Thursday's Dec 13th midday analysis -13.00 GMT

Euro broke through the 1.4700 support and is getting close to the support offered by the ascending trendline connecting last Friday’s and Tuesday’s lows, a move below this will reinforce the short bias and many traders will start looking at lower levels for tomorrow.

Cable found support at the 2.0400 area and has already tested the trendline that connects 2 swing lows and a break below will be in line with our expectation. We look at the 2.0365 area as the next bearish target and main support zone.