Price has been bouncing around in a fairly tight (~130 pip) range since the end of Nov.
Support at 127.5 has held strong in a confluence zone with weekly support (pink line)
Price is oversold at support and has provided a low-risk counter-trend trade opportunity (see chart)
Support at 127.5 has held strong in a confluence zone with weekly support (pink line)
Price is oversold at support and has provided a low-risk counter-trend trade opportunity (see chart)