No…not again
The favorite chart of the day. 8 breaks of the 1.5636-49 area. and 8 quick failures. The latest was just a few hours ago. The price moved above the area to 1.5659 (high from Wednesday too) and then tumbled to 1.5599 into the London fixing. Now we are back up to 1.5643 and wondering if can we actually have another run above 1.5649 level (number 9)?