14:34CET
Earlier in the day I pointed out to the fact that Cable was trading near (and then even above) its extreme OB level for the day around 1.6145, and that shorts for fast pips would be good....Well, the ever-wrong ADP survey became the excuse (as techs prevailed, thankfully) for some good USD buying across the board, with majors trading 30-50 pips off their best trading levels, which is not by any means a bad move by the USD. I will also call upon your attention to Gold, who miserably failed to gain past 1,360 and now it may be trading below the magnet line 1,350, and if that happens, the chances of resuming a move south to confirm the H&S would still be there...I know I may sound like a broken record, but I still see some real hope for the USD, despite the FOMC and US officials.Posted via email from MT4
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