the imminent news kept me out of the short!!
shouldnt complain, it would have been a random luck success it went down. (hindsight bias)
however, it seems to be holding 9770 support (assuming I read it correctly. 9770 has held for 3 days, and was formed early-April.)
may stay out until US-session starts.
think you're right. for me support is more like a zone around 50-70 then 30-40.
like you, the news kept me from shorting again. hindsight...lovely hindsight.
on the otherhand, this is what i get from my news provider
BULLET: CABLE: Extended down to the base of the reported at..
CABLE: Extended down to the base of the reported support area at
$1.9765, with rate currently holding back around $1.9772, and seeming to
find difficulty on making any significant recovery, one trader says.
Stops are reported in place below $1.9760 and could be providing a
tempting target, a trigger could run straight into profit take buyers
placed ahead of $1.9750, the trader adds, and possibly see a bounce from
there.