Extends below the lows from yesterday at 1.06655
The correction off the earlier low, found the sellers in the area outlined in my earlier post. That gave sellers more confidence. They keep the bias to the downside.
Yellen is not rocking the apple cart as she speaks more toward giving advise about fiscal and regulatory policy, without getting her new boss upset with too hard a line against each. She is just advising to be cautious given deficits and gains from tighter regulation and better capitalized banks..
