Players in the market are obviously aware of some solid selling interest ahead of this level, as these stops were in place yesterday afternoon yet the market couldn’t break above 1.0820. Watch out if it does, as I’m told there are stops aplenty through 1.0850.
More sell orders then reported near 1.0870. Support should initially be firm near the overnight lows at 1.0765 but there will likely be trailing stops below there.
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