Seems to be having a little trouble getting through 1.7c...
Might need to see a bit more volume in the 1.6-1.7 level before it's free to run again?
A couple of dumps at 1.7...I suspect probably the traders who cleaned out the 1.6 line yesterday...but not nice to see regardless.
Consolidating just above the 1.6 resitance/support level...so if this continues, it bodes well for coming days. If the 1.6 should get cleaned out however, we may be in for a few more days of consolidation before it can run again.
At the crossroads in my opinion...and as I said earlier today, it could go either way...if it is the top, any fall through 1.6 should be seen as a short term exit signal.
I must say, so far it appears to be a mirror image of yesterdays trading...even the dump has mirrored the one which initially cleaned out the 1.5 line early yesterday...wonder if we see any late afternoon runs again today?
Cheers!
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