1795 is a key for me. Interesting to see if it can break it to the downside with these volumes. Eyeing it up as support.
Volume is likely to decline as the week progresses. Don't believe that we are going to have the volume to break 1.07. Will be interesting to see if we visit and test of 1.0580-1.0550 if 1.0700 fails, which looks likely at this point.
I was looking at that trade also, but I wasn't confident so I left it. A return to 1.06-1.058 was my thought.
Any one of a number of reasons. bobrubin has given you two. One piece of news taken in isolation is not going to do that.