Key Resistance Coming Into Play

Since March of this year this pair has been in a roaring trend higher.

However, in recent weeks price has been attempting to make a reversal with a 1,2,3 pattern on the daily chart.

The level price is now pushing back into looks crucial for this pair.

For any potential reversal lower this level will need to hold as a price flip resistance.

If we can see that price action play out, then we can look for a move back into the recent support with a potentially bigger leg to come.