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Cable test the 1.2600 handle

USD
  • Cable moves back above 1.2600, with US inflation moving in the right direction, and broader base USD selling going through.
  • Next resistance in Cable is seen at 1.2641 High May 11.
  • Resistance in EURUSD is still at 1.0865 50.0% retracement of the Apr 26 - May 31 downleg .

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