The CABLE confirmed yesterday a session of consolidation forming a new inside day with 1,6110 – 1,5880 the levels to follow in the coming hours. A break of the support will lead this pair lower suggesting a 1,58 undershooting.
The indicators of the daily chart are still positive but a very weak closing tonight could already turned them negative. Those of the s/t ones are instead negative with already bullish divergences in the hourly chart supporting a negative tone. We have therefore to expect further weakness suggesting a test of the 1,5820/00 support area.
Possible rebounds toward the 200 hours line at 1,6012 are selling opportunities.
We remain on the sideline.
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FUTURE TREND RESEARCH