If you look back into history, the most recent HIGH had been 1.30600 , Printed on 2009|03|09
This high of 2009 was violated recently on 2015|07|24 Price danced around this zone for a while, but managed to stay above it, and built a MODE of 18 solid days consequently.
Last Thursday, on FOMC day, this 18-day MODE got disconnected to the downside, and price is expected to down further but this seems failing
The erstwhile RESISTANCE of 1.30600 now seems a SUPPORT, as price got strongly rejected on FRIDAY,2015|09|18
Again, looking back over time, there's a MAGNETIC MODE at 1.3500.
THIS IS WHAT I SEE:
Should we successfully jump above the current 18-day MODE, and more so, BO above the RANGE HIGH=1.3350, then 1.3500 is NEXT.
This high of 2009 was violated recently on 2015|07|24 Price danced around this zone for a while, but managed to stay above it, and built a MODE of 18 solid days consequently.
Last Thursday, on FOMC day, this 18-day MODE got disconnected to the downside, and price is expected to down further but this seems failing
The erstwhile RESISTANCE of 1.30600 now seems a SUPPORT, as price got strongly rejected on FRIDAY,2015|09|18
Again, looking back over time, there's a MAGNETIC MODE at 1.3500.
THIS IS WHAT I SEE:
Should we successfully jump above the current 18-day MODE, and more so, BO above the RANGE HIGH=1.3350, then 1.3500 is NEXT.
