The month-end dollar slide from hell continues this afternoon and is getting close to some very important chart levels. Case in point: Cable is within 20 pips of its 2009 highs at 1.6744. 1.6750 barriers have been rumored on strength in the past, and I would expect them to still be around. Stops above 1.6750 seem a sure thing as well.
Sentiment has been runing toward fading recent cable strength so I’m sure there is a big short-covering compoenent to the present price action,
