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Cable slips lower early

By Gerry Davies  || July 2, 2009 at 06:12 GMT
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Cable having opened lower, is coming under further pressure in early European trading.  We’re presently down at 1.6415, with sell stops reportedly triggered around 1.6440.

From here, next technical support lies at 1.6400/05.  Could well be some more stops just below there, although haven’t got confirmation of such.

European stockmarkets set to open lower, and this will be weighing on cable.

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