(1,6036) The CABLE confirmed a negative closing on Friday but the weekly one was strong above the top of the previous week. Possible an extension toward 1,6350! Overall the pair is still consolidating interior the inside day with 1,6175 – 1,5890 still the levels to follow. The indicators of the daily chart are still well positive while showing potential negative reversals; those of the weekly one are also positive. The indicators of the s/t charts are mixed suggesting further consolidation. While below 1,6070 on an hourly closing we expect the CABLE to extend the decline toward the 200 hours line at 1,5933 where we want to buy back our shorts!
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