Originally Posted by StockJock-e
1.3270 is where I have my resistance on the daily,
Your resistance is futile... but I support your statement at 1.3240
I tried playing a long from around my support line earlier.. thinking we'd rush right back up to 1.3270 to attempt a new high... but it just spent the entire time in chop-fest, often just slightly above profitability.. so I chose to reduce risk since it wasn't acting as expected, and closed her off.
Wish it wasn't Friday and week's close, else this might prove to be a better long further down.
EDIT: that's not suggesting people go long at 1.3240.. if I re-enter off that line it will be because I'm fading a move through it, not on the line itself. And I probably won't re-enter given it's Friday at close.