Selling rallies on this pair has been a good play of late and one that I’ve been recommending as regular readers will know and on which I posted again today here before I left.

The stalling around 1.6150 was duly seen after I finished my shift earlier and I duly resold only to take some off a bit too early. The 1.6050 level didn’t offer much support but the 1.6ooo area should do better as momentum slows in the aftermath and I’ve taken some back down here at 1.6015. More bids down at 1.5975-80 and 1.5950 as per the orderboard

I remain small short to support my bearish view and will look to re-sell into 1.6050 and 1.6100 but I’m not thinking that’s going to happen anytime soon