Range Support Level Holds

For the last two months price has been trading within a sideways range in this pair.

Price has now rejected the low and support of this range and rebounded back higher.

Whilst the range high and low key support and resistance levels continue to hold we can keep looking to trade both long and short.

The best trades would look to be on the smaller time frames keeping in mind that this range is fairly constricted.

Smaller time frame trades would allow for smaller stop loss levels and the potential for higher reward trades.