The market didn’t even bother to try and rally off the much better than expected construction PMI data, which is a somewhat disconcerting signal for cable bulls. We’re presently at 1.6380, repeated failure to hold rallies back above 1.6400 starting to take their toll.
Technical supports 1.6350 and 1.6325/30. Sources report sell stops lying at 1.6340 and 1.6320.
