Tightly Constricted Price Action

This pair has turned into a sea of sideways chop.

After building momentum higher after forming a double low on the daily chart it looked like price might gain some sort of momentum.

This however was snapped when price moved right back into ranging mode.

As the daily chart shows; whilst we have some lower highs forming, we are not getting any serious moves lower with any serious momentum.

This pair looks best avoided until the price action picture shakes out a little more.