We see that this situation is very similar to the one we analyzed yesterday with the NZDUSD currency pair.
Since the beginning of July, the price has been moving between two strong support and resistance lines. The support line was formed back in August 2019, and the resistance line was in December 2019 - and they are very important for price formation.
Now the price is in the middle between these lines, near the support zone. I expect the price to start rising from this position to the resistance line. This is a good signal to open a buy trade. I will not tire of reminding you of the importance of SL - set it just below the price position.
Traders, if you liked this idea or have your opinion on it, write in the comments. I will be glad👩💻