(1,5480) The CABLE confirmed a weak closing but it failed to confirm the break below the support of the positive outside day at 1,5470. Nevertheless the drop could continue suggesting a retest of the 1,54 area!! The indicators of the daily chart are however still well positive, however less overbought but still showing potential negative reversals. The indicators of the s/t charts are instead negative supporting further weakness. While below 1,5495 on an hourly closing we favour a test of the support line, now found at 1,5320. The decline should however find support already at 1,54 or just below of it!!
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