Overall trend is an uptrend but price has been ranging for over 2 months after failing to rise above above all time high at 1.2000 level. Price has risen back into range after previous break of range support. Will wait for a retest of resistance now turned support before opening a long position to resistance of range. Right now, it is unclear to me what major direction price will take from this range. This is because after failing to break above 1.2000 after ranging, It seemed likely that sellers stationed forces there to push price lower. By breaking below support of range, it looked like a confirmation of purpose of sellers but the return back into the range nullified that idea. Be that as it may, I wouldn't hastily conclude a resumption of uptrend because of significant area of supply around 1.2000. However, any move in any direction after and away from this area of range can be significant! I am eager to know what you think about this development in this pair. Will price resume its over 6-months uptrend or is a downtrend brewing? Cheers!