Price is now attempting to breakout higher in this pair after being stuck in a sideways box pattern for the last couple of months.
As the daily chart shows; the resistance that price is now attempting to breakout higher through has held at the last three previous attempts to move out higher and each time has sent price back to the low of the range.
This now becomes a major pair of interest especially to watch to see if price does breakout and if it does, then moving to the smaller time frames and looking for quick re-test trades to trade inline with the breakout.
As the daily chart shows; the resistance that price is now attempting to breakout higher through has held at the last three previous attempts to move out higher and each time has sent price back to the low of the range.
This now becomes a major pair of interest especially to watch to see if price does breakout and if it does, then moving to the smaller time frames and looking for quick re-test trades to trade inline with the breakout.
