In yesterdays report we said we would be looking for the high to be attacked with lower support levels being the 2165 region. We opened slow and it's been a ranging day of accumulation, however, the 2175 level has given us a nice opportunity to long back up into 2185 so far where we're standing right now.
For the remainder of the session we will stick with the plan and hold the long looking for the higher level as a potential target, unless we get deeper pull back breaking below the 2175 price point.
Support - 2175 / 2168 Resistance - 2185 / 2195
As always, trade safe.
KOG
Comment
CPI today, wouldn't long now. The bounce gave 50-70pips but nothing sufficient. Price is currently trying to break with support at key level 2170
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