A 400-pip rally in nine consecutive days, whodathunkit?
Here’s the chart, which is about to run into a wall of resistance just below 1.58:
The last nine-day winning streak? Almost exactly one year ago (from Jan 7-19, 2011). The magnitude was larger (600 pips) and after nine days it fell 300 pips (50%) only to make fresh highs later.
A similar move would bring cable to 1.5500.
