DislikedI would agree. 1.3080 has proven to be very strong resistance. It may range but I don't think it is going to pull back any farther than that. You have a 90 pips range now which is plenty.Ignored
up till now, this move has been one massive short squeeze.....but now most of the shorts are covered, so it needs Euro buyers en masse at this point to move higher....right now there are alot of buyers in the wings waiting for a pull back...so this will pull back as far as it needs to bring in the buyers..
we'll see where that is in due course......