This is an interesting market and a market where caution is probably best.
Whilst it is pretty clear we have a range and sideways move in play, there are a lot of traps and false moves occurring within it.
This means that whilst price may respect a support or resistance, it is making a false break higher or lower first.
The other reason caution may be best is because we have signs of momentum to the upside with a bottom pattern on the daily chart, but price is running directly into the major resistance level.
It could be best to watch this level for the next price action clue.
Whilst it is pretty clear we have a range and sideways move in play, there are a lot of traps and false moves occurring within it.
This means that whilst price may respect a support or resistance, it is making a false break higher or lower first.
The other reason caution may be best is because we have signs of momentum to the upside with a bottom pattern on the daily chart, but price is running directly into the major resistance level.
It could be best to watch this level for the next price action clue.