{quote} I was looking for a go at 1.1200 area too about 2 days ago. But the force with which it has came down,and an inability to break any highs makes,me reluctant to buy anytime soon. I tried 2 longs on the way down on thursday and early friday but they were battered as if the price doesn't need a pullback,as if it has already consumed the buy orders here at 1.1050-1.1150 area. I am firmly sold in fact waiting for another go at 1.06 once again maybe in next 3-4 months. Back in January i was expecting the second test of 1.05 which got nullified...
Bears for the moment are either exhausted or very clever since 1.1030 area could trigger a bullish trend all the way to 1.1600.
Why sell the bottoms when you can buy the tops...
