=> After failing to break above the 1.165 key resistance we are set for more choppy waters => This has to break one way or the other and our bias is to the upside. Here we are expecting the hikes coming later in September to be the catalyst if not before... => Again this is a technical environment and we are waiting patiently for a break before building our positions. This is looking more and more like a base formation ahead of the ECB ending their QE asset purchase program later this year. => Good luck to all those in positions