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dennyray 2015.06.27 17:37 

This pair did not do much yesterday. It tried to get up above 1.1200 during the early part of the London session, but fell back after making a high of 1.1233. Looking at the chart above the current price, there are plenty of resistant levels and a questionable but possibly still potent trend line. This means that although the flow of price does seem to want to go upwards, there is a lot holding it back.

All together this will probably mean that the price will again consolidate today, and any fast runs up to 1.1225 and above will be quite likely to give short opportunities, but maybe only for 25 to 50 pips or so.

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