As expected a notable setback into the end of the week after the anticipated stall ahead of 1.5270, having stated in our last report to clients that "we see a downside bias through 1.5125; break here aims for 1.5060, maybe towards 1.5000".
Whilst capped by 1.5270, we see negative pressures intact for late January/ early February from the push last week down through the psychological/ option target at 1.5000.
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