The CABLE confirmed further consolidation interior the inside day with 1,6110 – 1,5880 still 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 while those of the s/t ones show a mixed picture suggesting further consolidation.
Only an hourly closing above 1,6065 will postpone further weakness favouring a retest of the 1,6170 area. The s/t scenery is mixed; CABLE is holding very well he 1,5900/ 1,5880 area but in the hourly chart we have potential negative reversals suggesting a limited upside potential.
We remain therefore on the sideline following the inside day.
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