What you're seeing on the chart above is a so called dynamic resistance and the thing is that this one usually comes with fake moves so what I would like to see here is a rejection from current levels and a drift lower towards 1.67 area. I am really not asking for much as this market seems to be unable to fight above the all important 1.68 level. At least not now. Therefore, it just made a new high, but only a marginal one, sucking bulls in, and now about to offer them a big disappointment. It remains to be seen.
