I hope you are right and that the PA approach a little my old EP.
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.
after graduate at babypips i found this thread coincidentally, and im very gratefull !!! Learning From your old post, sonic, TAH, DD, eternal, rastaman, muhammad, and others give me paradigm shift about forex.
), but I think he/she (!) is right ... There are thousand of opposite ideas about what EU may do in 2011 or in next few months, but does SonicR need this judgements ? When you see a trade (By you, I'm not pointing to anyone particular - It's a general post by the way), does it really matter what EU may do in next weeks ? I'd said this many times, these point of views just distract traders to trade what they see. If they're biased short, they only see short setups and vice versa. I adhere to this believe that one should consider fundamentals and then trade the technicals, but I also believe that these two are one. technical analysis is just a data exposure of fundamental analysis. So when this or any other useful method gives you a signal, the trader should take it, whether he thinks it will work or not. There is no use in such judgements. 
