What you're seeing on the chart above is a so called dynamic resistance and the thing is that this one usually comes with fake moves so what I would like to see here is a rejection from current levels and a drift lower towards 1.67 area. I am really not asking for much as this market seems to be unable to fight above the all important 1.68 level. At least not now.
Therefore, it just made a new high, but only a marginal one, sucking bulls in, and now about to offer them a big disappointment. It remains to be seen.
Translate to English Show original

Since you are not logged in, we don't know your spoken language, but assume it is English
Please, sign in or choose another language to translate from the list.

– or –