More Range Trading

Price hit the bottom of the range in yesterday's session and reversed. Now price is looking to go back to the top of the range. However as the SMAs are still not in trend mode, it is likely we see only a rise max to the top of the daily market grid at 3.254.

On the weekly chart, it still looks pretty bearish for now, but at least the rise in price has put the PPM1 back in uptrend.

It doesn't look like we are going to see any major move to either side for now.