Some interesting price action on this pair at the moment.
There is a fairly significant price flip level on the daily and smaller time frames, however so far we are not seeing decisive price action at this level in either direction.
If this level can hold as support, then we could look for price to break the recent swing high resistance and move into the 1.1855 area.
A hold of this level would also increase the chances of seeing price move back into a period of sideways and ranging price action.
There is a fairly significant price flip level on the daily and smaller time frames, however so far we are not seeing decisive price action at this level in either direction.
If this level can hold as support, then we could look for price to break the recent swing high resistance and move into the 1.1855 area.
A hold of this level would also increase the chances of seeing price move back into a period of sideways and ranging price action.
