Shown below, it did bounce off the 165 (actually 164.97 or so) and I'm looking to see it down further. The run up seems to be a combination of both technical (rising trendline over the last few days) and fundemental (ECB keeping rates unchanged).
My primary concern is that it did break the downward trendline that's been in formation since July...but we'll see if price will come back down below 164 in order to keep within this trendline.
Update: 165 blown, next resistance points @ 166 & 166.25 if E/J can hold above 165 on the daily.
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