Intraday Range is Holding

In last week's trade ideas we looked at this pair and the potential for price to move into the yearly highs.

After testing these highs, price formed a daily chart bearish pin bar reversal and price moved right back into the consolidation and sideways range.

As the 4 hour chart shows; price is now hovering around the intraday support level.

The intraday charts are very sideways and whilst they stay this way trades can be hunted on both sides of the markets from the major levels.