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Re: Is cable in for a trouncing?
Intraday it looks like 1.7570 has held for now, perhaps a retrace up to 1.7670 (don't we have a gap to fill?) or maybe mid 1.77 then another go for 1.75. I would say sell into any minor rally to those levels if seen.
For Eur I'd say any retracement is a selling opportunity, resistance at 1.20 so selling around 1.1980 if seen should be a good risk for 1.1850.
After that? I'm not sure we can see further downside until after a correction, it's all gone too far too fast IMHO
Today being a US holiday it may be a thin market.
Mick
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