~1.566 is the three-month fall line. Expect very heavy resistance in that area.
Also, the previous long moves through the rising channel have had much more direct impetus than this move has had. In fact, it is drawn-out and sluggish.
I set my take profit longs at the fall line and have a small sell order just on top of that price. Looking for a chopping range to develop, or a much stronger sell-off. We shall see what the MPC has to say at their announcement.
Also, the previous long moves through the rising channel have had much more direct impetus than this move has had. In fact, it is drawn-out and sluggish.
I set my take profit longs at the fall line and have a small sell order just on top of that price. Looking for a chopping range to develop, or a much stronger sell-off. We shall see what the MPC has to say at their announcement.