(1,5605) The CABLE confirmed a strong closing climbing above 1,56 and suggesting a possible extension even toward the 1,5720 area. The indicators of the daily chart are still well positive but those of the s/t ones are still showing a mixed picture suggesting further consolidation. The tests on the upside still failed yet to form divergences suggesting it’s just an overshooting. Instead we have potential negative reversals with a potential target now a little higher at 1,5399 (no bullish divergences are supporting a negative tone). While above the s/t support line at 1,5570 we favour further strength suggesting a retest of the 1,5720 area! We stay on the sideline.
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Future Trend