A bunch of sell stops just got triggered on the break of Monday’s/yesterday’s 1.5657/60 lows as the market jostles for position ahead of the 0830GMT retail sales release.
There’s another bunch of bids in the 1.5600/20 ahead of the 55 day moving average at 1.5589 and tech support 1.5570/80. Sell stops are in place on a break of 1.5570
Forecasts for the retail sales are ranging between -0.1 and +0.2% m/m after a June reading of +0.1%
