Current scenario is still a bit unclear as to the next longer term direction for the majors. The euro continues to weaken but slower than we would anticipate while the pound losses ground but makes it up towards the end of the day, showing a sign of bullishness. Still a lot of economic data to be processed this week, specifically tonights ECB and UK rate announcements. Well be trading that live during the London session.

Dont forget, we will be hosting a Live! Trading session today, Thursday, April 8, 0800 GMT/ 3am EST. Premium members may access the direct link in the Members Downloads section. The room will be open 15 minutes prior to trading.

If youd like a more detailed analysis with potential trade opportunities during our live trading session, please join us in the members area. Please visit us at www.spoteuro.com