Good break higher but stayed just at the short term 61.8 fib level of 1.5592 reaching 1.5596...Now we have eased off a little....but I do think we will have another go at the topside today or tomorrow...We do need to break this 1.5600 area however to keep the pressure to the topside...If we can do this there is no reason why we cannot stay trading higher and look for a test of this 1.5660/75 resistance band....Now we are looking to cover all long position in this area...Now I know we have been OK selling here....and we do have this triple top in place there, so we would look for the market to come to here...and sell....Now we know there are going to be stops above here...so we do need to take great care when selling here...Stops should be really tight...If above 1.5675 we have to abandon shorts as the market will then trade quite a bit higher and there would no reason technically why we could not trade back to 1.5800...Now obviously there is a glut of resistance before we would reach this targeted area...however it would be a case of covering longs and buying breaks of resistance..Support is at 1.5555/50...We need to stay above here...If lost look for 1,5505/1.5497...Go long here...stops below 1.5490.
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