On the shorter timeframe, this pair has been consolidating since it pushed higher. It did not go far, indicating that the resistance level is strong and a direction is unclear. Once a breakout happens, it will be confirmed the direction this pair will go. After a breakout, wait for a hold of the previous structure. I am in favor of the short side, since when looking at the Weekly time frame. We are reaching major resistance.
Trade with care.
Trade with care.