If you’re a cable bull like me and are looking for a good technical entry level then I’d suggest 1.6390 as a possibility. I’m banking on a 5 wave bull move emerging from the 1.5940 lows. We are currently in a 4th wave retracement off 1.6740. The 61.8% retracement of the 3rd wave from 1.6170/1.6740 comes in at 1.6390, which is also where the trend line 1.5940/1.6170 lies.