Price is now looking to test the major resistance in this pair.
As the daily chart shows; price has formed an inside bar just underneath this level.
We could expect to at least see some resistance and a bounce back lower from this level before a possible break higher.
A break higher would see price recover all of the losses from earlier in the year and make a new test of the yearly highs from back in January.
As the daily chart shows; price has formed an inside bar just underneath this level.
We could expect to at least see some resistance and a bounce back lower from this level before a possible break higher.
A break higher would see price recover all of the losses from earlier in the year and make a new test of the yearly highs from back in January.
