Will 114 be it for now? We’ve noted barrier interest and we’ve put on around 160 pips since Friday and have pulled up at 113.88 on the latest run.
On an intraday basis the move could well become stretched so I’m fancying a pure big figure short if we get into the 113.90’s. My big risk is a good ISM manufacturing PMI later today as that will be the icing on the cake for bulls, and we’ll probably be 115 by the close. Given that manufacturing this month hasn’t been great I like my chances.
Will 114 stop the run today?
You shall not pass
114 eat my dust 115 here we come
