The 1.1500 break took a while to take off and now we’re here at 1.1600
as we say cheerio to 1.1500.
SocGen’s target for shorts is edging closer
We got the break after the option expiry blow through sorted that mess out. Support was very tight at 1.1490 which showed the buyers were ready to carry on. The second break then found support around 1.1510 and the next leg took off this morning.