There’s barriers and all sorts parked up at 1.7000 and such a big number is attracting plenty of protective sell interest well ahead of it at 1.6990. Ordinarily we’d expect this sort of selling from 95/99 but as I mentioned it’s a big psychological level and there will be plenty to chew through before we see double 0 print.
I get the feeling that old betty is setting herself up for one of her big blows. We’ll see.
As I type 1.6990 trades and we’re beaten back a few pips again.