Down at 1.5995 from around 1.6015 when I sat down.
Two days ago I reported sell orders lined up from 1.6020 to 1.6060, and boy are they proving a problem for the cable bulls. Yet again we’ve topped out in that region, the overnight high 1.6034.
Worth noting that 1.6035 is in fact the 100 dma.
I’d hazard a guess buy stops close above 1.6035 and 1.6060 now, but need to garner confirmation.
