This is such a CHOP. Trade from the edges of the support and resistance
zones and avoid the middle. There is resistance above the consolidation zone (1.125xx - 1.128xx). The top ( down channel
) line will also act as resistance.
Support is at the down channel
low as well as between (1.112xx - 1.114xx) where the market has bounced several times.
However expect these support/resistance
zones to be probed and broken as the market is simply chopping sideways with no clear short term direction.