Insight: #EURO @Greater Risk with #CABLE

China's move in cutting their reserve ratio prompted Chinese stocks moved lower influencing Asia markets to do the same. With the exception for the US market that is slightly in positive territory as of this writing. 

Euro zone inflation reports were negative than expectations with the EURUSD moving ever lower from the reports @1.0872 low that would lead ECB to further consider easing in March. Nearing the opening of the month, the Euro indeed retested the 1.0880  while resting at the lower band of its range. Its correlation with the EURGBP Cross would be a viable Cross trade strategy that meets the current market condition as an alternative pair with the most market potential. 

The tech side of the chart remains in negative tone along side CABLE prices that has further downside potential which would take some time to fully recover, as mentioned in our most recent market view. Although, a probable rise may also be reasonable as indicated in its overall picture, but would only be short-lived through their daily session trades.