• Shorts squeezed en route to 1.4735 after US retail sales miss 
  • 1.4604 was London am low after -0.01% UK CPI number 
  • 1.4673 = early NY high, 1.4637 = ensuing low pre-US data
  • Beyond 1.4740 (Apr 1 low) resistance seen at 1.4775 (Apr 2 low) 
  • 1.47 is now a support point (1.4691 was Asia high; 1.4681 = Monday high)

The material has been provided by InstaForex Company – www.instaforex.com