Euro dollar has been consolidating around 1.09 at 2017 highs. Higher highs and lows as well as an inverse head and shoulders all suggest that this market has created a major base. There’s still the gap that hasn’t been filled and we could expect the next higher low to be formed in this area.

Cable saw a major breakout in the month of April. The market could be putting in a major base in this market too.

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