Tough day for Queen and Country today after the soft inflation data. Ryan lined up the technicals, including the break of the 200-dma. Here’s a look at the orderboard:

Bids;

Near 1.6610, which is the 61.8% retracement of this year’s range. More (strong) at 1.6600 followed by decent bids in the 16585/80 zone. More at 1.6555.

Offers:

Look for sellers at 1.6655, the 200-dma at 1.6675 and the Asian (pre-data) high of 1.6739.

By the way, good call for those who said Monday’s opening gap was a sell signal.