Price is now looking to test the major price flip resistance with this pair.
After breaking out lower, price made a large sell off into support.
After bouncing from this support level, price moved back higher into the old breakout support and new price flip resistance level.
This level looks crucial for this pair. If it holds then a new trend lower would look likely. A move back higher and we could expect a lot more ranging price action.
After breaking out lower, price made a large sell off into support.
After bouncing from this support level, price moved back higher into the old breakout support and new price flip resistance level.
This level looks crucial for this pair. If it holds then a new trend lower would look likely. A move back higher and we could expect a lot more ranging price action.
