The pair pretty much sat at 1.5530/40 overnight and we’re back down here again. There’s a clutch of orders from here down to 1.5500 as well as the 55 H4ma at 1.5528.
The run down is likely to be met with plenty of dip buying based on the better economic data released earlier.
Stocks are still under the effect of profit taking with US stock futures pointing to an opening in the red.
