Just check the charts and looks like price is reacting off that resistance at 6500. There has been quite a sharp move back down and price has broken support at 6350 and is now retesting this area. I have placed a sell limit at 6400 for the asian session and will reevaluate in the morning.
The 50% fib of todays move back down is around the 6400 and shorting here will result in a better stop position as this will be at 6500. If it doesn't retest 6400 then i will reasses in the morning.
Steve
The 50% fib of todays move back down is around the 6400 and shorting here will result in a better stop position as this will be at 6500. If it doesn't retest 6400 then i will reasses in the morning.
Steve