This is a market we have been discussing heavily in recent times. Price has been holding at the intraday price flip support level and consolidating.
As discussed yesterday, for price to make any sustained moves back higher it would need to bust through the intraday resistance.
Whilst price attempted to make a move back higher in the previous session, it ended with a bearish pin bar.
These two dueling pin bars look important. As per the weekly trade ideas from yesterday, until one of these two levels breaks it will be a tricky market to trade.