Looking to play EUR and GBP crosses from short side

Morning all. Draghi, as expected, signposted that the ECB will take some action next month and this should ensure that we see some bearish pressure on the EUR crosses over the coming weeks. I will go into the individual cases throughout the morning with my absolute preferred trade being short EUR/CAD and with EUR/JPY also showing significant short-term downside potential.

Whilst I think EUR/GBP will eventually break lower, the fact that cable has stalled ahead of 1.7000 suggests to me that we may also get a wave of profit taking in the GBP crosses. We need to get our timing perfect in the EUR/GBP cross.

Good luck today and TGIF.