We discussed this pair yesterday and the incoming resistance level price was about to test.
Price moved straight past that resistance with solid momentum and moved directly into the next key daily chart resistance that is being tested right now.
There is no clear trend in this market and trades can be hunted from both sides of the market at the key levels and with solid price action.
For example; if strong bearish price action gets printed at this resistance level, then it could offer short trading opportunities. If a break higher occurs, then quick breakout and intraday retest trades could be hunted on the smaller time frames.
Price moved straight past that resistance with solid momentum and moved directly into the next key daily chart resistance that is being tested right now.
There is no clear trend in this market and trades can be hunted from both sides of the market at the key levels and with solid price action.
For example; if strong bearish price action gets printed at this resistance level, then it could offer short trading opportunities. If a break higher occurs, then quick breakout and intraday retest trades could be hunted on the smaller time frames.