Daily Forex Technical Commentary
Things could hardly have looked more bearish this time yesterday. After breaking out of the overnight consolidation we sold off to 14974, but rallied smartly from there and put in a string of green candles taking us right back up to the key 15207-17 resistance zone. The bulls dealt with that level very effectively, and have spent all night consolidating above it building a foothold for the next move. As long as we now continue to hold the ground above 15200 we are cautiously