Hearing there are at least 2 good US names buying under 1.4940. The earlier attempt to push for stops sub 1.4930 failed, running into the buyers sub 40. The 20 pip bounce from the low has seen some weak intraday shorts cut their positions. The longer we hold above 1.4830, the more the chance of a short squeeze into the European session.
Watch 1.4830 on the downside and 1.5020 topside.
