Quote from InvestVision:
so many of us retail trades are already short or waiting to short , so the MMs don't have much incentive to drop now and handover all the money to these retail traders.
that why so much wait time around this 104.60 level
if they pull up to 105.20 , get all the stops then they can let it take the natural slide since all the short are taken out they can drop with out paying big bill
15 min 3 day chart , 104.80 is last 2 session support is now resistance , very clean chart
http://bit.ly/hQHMIe