After the run up to 1.1100 area there was a successful test of the 1.1050 support level/ former resistance that has held.
Longs remain in play, with either a consolidation forming or continued upwards momentum the most likely scenario going forwards.
Commodities remain weak from being pushed too far too fast on inflation fears that are not materializing. There is no shortage of commodities from industrial demand. World Labor markets remain underutilized.
Longs remain in play, with either a consolidation forming or continued upwards momentum the most likely scenario going forwards.
Commodities remain weak from being pushed too far too fast on inflation fears that are not materializing. There is no shortage of commodities from industrial demand. World Labor markets remain underutilized.