The logic is simple.
USA banks had a holiday yesterday. London got the price to 3290 then they CLOSED their orders where a strong CB or hedge fund started selling.
The move was well planned. They took the price to 3200, 25 pips above 3175 where main intraday support stand. Why? Because they have lowered the price, they gave better price to USA markets opening today.
And that was it. 3266 in the time of writing. As long as 3175 stands firm 3320 is in play.
USA banks had a holiday yesterday. London got the price to 3290 then they CLOSED their orders where a strong CB or hedge fund started selling.
The move was well planned. They took the price to 3200, 25 pips above 3175 where main intraday support stand. Why? Because they have lowered the price, they gave better price to USA markets opening today.
And that was it. 3266 in the time of writing. As long as 3175 stands firm 3320 is in play.