The CABLE confirmed further consolidation interior the inside day with 1,5795 – 1,5515 still the levels to follow in the coming hours. Only a possible closing above 1,5795 will extend the move up toward the 1,59 area if not even 1,61 where we find the 200 days line!!
The indicators of the daily chart are however still below the line while those of the s/t ones are still showing a mixed picture this morning suggesting further consolidation. In the hourly chart we have bullish divergences suggesting a negative tone. Nevertheless we still favour a little higher levels, at least toward the resistance line at 1,5720.
We remain on the sideline.
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