Wonder if Gerry’ll give me the benefit of the doubt if 1.3122 turns out to be the high?
A large US bank was apparently responsible for knocking out the 1.3100 barrier and there’s talk of buy stops in place on a break of guess where… 1.3125!
More important resistance sits up above at 1.3149 which is the 38.2% fibonacci retracement of the fall from 1.4940 to 1.2042 i’m told.
I am ‘chartless’ at the moment so can’t actually check that one, but i believe ‘Steve’ mentioned the fibonacci level in an earlier comment to us .
Anyway Greg will be’ in da house’ shortly and with his magical charts he’ll be bound to let you know….
EUR’s around 1.3107