Yesterday's market sell off prints 1.39. This level is consistent where markets should bounce and recover. The 1.39 may increase a bit further but the CPC now shows that many traders are getting too bearish. This sentiment will act contrary to the market move down and serve to lessen the selling. Thus, stay on guard especially with a large down move after today's open since that may provide a low enough market level (and slightly higher CPC to say, 1.4 or 1.5) to support buyers coming in to bounce the markets. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here or any links connected to this information. Consult your financial advisor before making any investment decision.
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