As we can see indicated in the chart above, price has reached a strong level of resistance. Price may consolidate around this level or push higher towards the maximum level of resistance before making a break towards the multiple levels of support. At this current moment of time, I would patiently wait for price action confirmation before making a move on this currency pair. This will allow you to obtain the best trade possible without risking an extensive amount of your capital due to market uncertainty.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.