The CABLE confirmed a positive closing missing however a strong one. Nevertheless we see further upside potential in the s/t suggesting a 1,56 overshooting where we still find the 200 hours line(1,5612).
The indicators of the daily chart are still well negative but those of the s/t ones are above the line supporting further upside potential. Only an hourly closing above 1,5595 will however support higher levels. A return below 1,5470 will instead cause a retest of last week’s low.
We are still waiting for higher levels to sell!
We remain on the sideline.
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FUTURE TREND RESEARCH