The lower resistance area approached for the 2nd time today
As outlined in an earlier post the 1.1435-65 area is a key resistance ceiling. The high today reached 1.14344 - right below the low end of that area. The price is back up moving toward that key area with the price trading to 1.14294 after the NY session dip to 1.13875.
So we are testing the low end of the ceiling. Will "the market" respect that area? On a move above, the 1.1465 becomes the next stop. A break above that level and we are in the extreme area. The 1.1435-65 turns from resistance to support.
