1.57

[David]

I Just launched a trade long 1.5538 looking for 1.57


SL keeping it tight bellow 1.55
Hourly intra-day seem exhausted and if EURO stays long enough above 1.5530-40 area would probably bounce.

Think liquidity, EURO being exhausted in the selling would suspect short term SL triggering on the upside. Risk Ocourse further downside with big players being not that involved coz of easter holiday.

And here's a thought on Cable, retail sales in 10min. if the figures don't surprise to the downside would suspect short covering to kick in with think liquidity could be vicious.