…with the French figures.
We’ve moved from 1.3384 down to 1.3360 just ahead of the weekly 200 ma at 1.3355/60. It’s holding for now but the pressure looks on. Below there we had substantial support from last week at 1.3350. A break here could see stops hit and a fall through to bids in the 1.3320/30 area. Stocks are also on the slide.
Just going through my charts the 1.3353 level is also the 50% fib level for the years low/high. All in all this 50 level is proving to be quite a strong level.