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Rate reverses the modest recovery from........>

CABLE
CABLE: Rate reverses the modest recovery from $1.3108 posted throughout the
European morning as the USD re-gathers some steam on the back of stronger US
data posted today. Support should kick in on a fall through the day's lows and
into the 76.4% fib retracement level for the $1.3056-1.3218 at $1.3094. Any drop
below there will encounter the 21-dma at $1.3054 before the 55-dma at $1.3001.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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