Down and back up. For the week, the sellers had a shot to go lower and failed. The buyers had a shot to go higher and failed.
The intraday price action took the price lower into the NY opening and then back higher in the NY session so far. The NY session high nearly completed a lap – falling just short of the London and Far east highs at 1.2187 and 1.2188. The NY session high 1.2186.