The CABLE confirmed further consolidation interior the inside day with 1,5795 – 1,5515 still the levels to follow in the coming hours. It confirmed however higher levels as we expected and a break above 1,5725 will extend further its move up suggesting a 1,58 overshooting!!
The indicators of the daily chart closed in positive territory last night supporting higher levels and also those of the s/t ones are in positive territory supporting a possible extension of the move up.
In the s/t only a return below 1,5670 will postpone the move up causing a return toward the 200 hours line at 1,5630!!
We remain on the sideline following the inside day.
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FUTURE TREND RESEARCH