DislikedI hope you are right and that the PA approach a little my old EP.Ignored
Look at the Daily. I didn't have to put anything on it, because the Bid Line tells the story! And the story is price fell thru this SR line back in November. Since then, price has repeatedly come back up to this line, or near this line, and has fallen again. And now, in these last two days, price has again been put up there.
The more times price fails at a SR area, the stronger that area becomes. The Bid line now marks a very strong resistance area!
Personally, I think the big money outfits are holding it up in order to have more time to establish their short positions, because technically this is looking at a drop to around 1.1000, maybe around May/June. That is big profits for the big money outfits. So it is no wonder they might be holding up the price to give themselves more time to build for the run down.