So, since Tuesday's visit back to the swing trough zone @ 233.0, this pair has merely meandered back & forth underneath this important range ceiling of 234.55, which contained the action from early August to end Sept.
Glancing regularly at the higher timeframe guides would have you tackling this pair from a strictly intraday perspective until a more sustained break into trend mode.
The intra-week levels would certainly have assisted in locating lower risk entries, which is really all that's been on offer thus far.
Price finds itself again threatening the prev range top here @ 234.55 into London trade, with the weeks highs approx 100 pips away @ 235.80.
Whether it has the enthusiasm to take a crack at it is another thing. At current levels, we're stuck between a rock and a hard place & att'n might be better placed elsewhere until it offers more lucrative opportunities.
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