Following is a selection of comments from analysts on important technical developments in the foreign exchange markets:
More importantly investors should be aware that rarely has this dipped below 80.00, so we are close to the weakest for this index which was 78.45 in September 1992.
We remain within normal retracement parameters. Do not jump the gun and assume candles will be bearish at the end of the day or the end of the week/month.