Ok I'm not sure why so many people were long today/yesterday. I guess for scalps it might be ok but we are in a longer term down trend now. Friday the cable bounced hard off resistance (not a bullish sign!) as we can see from Friday's bearish engulfing candle. Resistance now around 1.9402, if 1.94 goes then it may fall pretty far. The daily trend is down unless 1.9958 gets broken, which would make a double bottom. Good luck guys!
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