(1,5295) The CABLE confirmed a weak closing well below the support of the inside day at 1,5305 suggesting further weakness. We expect an extension of the decline toward the support line, now found at 1,5210. The indicators of the daily chart are however still well positive but also still showing potential negative reversals; those of the s/t ones are mixed this morning supporting further consolidation/ correction. The decline below 1,53 started forming bullish divergences in the hourly chart!! While below the 200 hours line at 1,5306 on an hourly closing we expect the CABLE to return lower.
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