Minor Trouble Areas Everywhere
This pair looks increasingly tricky to trade at the moment.
Whilst in recent sessions we have had a nice move higher, there are minor support and resistance levels and ‘trouble' areas all over the place.
Price has just broken out higher through one of the trouble areas, but very close overhead it faces another test with another resistance coming into play.
Whilst this market could continue the momentum higher and make a play back into the extreme highs, the best play at the moment could be to look to other markets for trading opportunities.
Whilst in recent sessions we have had a nice move higher, there are minor support and resistance levels and ‘trouble' areas all over the place.
Price has just broken out higher through one of the trouble areas, but very close overhead it faces another test with another resistance coming into play.
Whilst this market could continue the momentum higher and make a play back into the extreme highs, the best play at the moment could be to look to other markets for trading opportunities.
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