Context: price remains in its range with support beeing 2043 and resistance at 2134 its building a cause for the next move , depending on the change of supply and demand
Location: Price currently resides at the "mean" of the range at 2090 one could say we trade at "fair" value and these locations usually mean chop , also they give further insight on the future course ie. on a rejection to the downside we will visit support again and vice versa
Price Action Price is in a decline from the resistance level and currently formed a minor range between resistance 2095 and support 2080 , whereas we broke to the upside , price declined back into its range and sits at the mean of 2088 Conclusion: intraday wise one could take a chance and play a long setup at the current mean of 2088 howver as we had some overbought conditions at hands , one should be quick at taking profits or scratching the trade, on the short side wait till price breaks the support level of 2080