Ok, price is consolidating quite a bit. Might be low volumes.
-Watching this pair in the early opening hours of London we can say that there is a bit of hesitation to break the pair higher as the Asian market already covered the which left behind from yesterday's trading.
-Technical analysis however says that the tape structure is more likely to push price further to say 1.07850 zone before we can witness a pull back.
-There is also a posibility of price dropping lower to the greener demand zone the push higher and with build up momentum.
-Well we just got to position ourselves now and wait for the perfect signal to print from either of the 2 Lower zones; The green demand zone or from the current yellow zone.