Will Resistance Hold?

Price has now formed a large bearish 2 bar reversal on the daily chart of this pair rejecting the recent swing high and resistance level.

This pair is in a pretty clear cut range and sideways pattern and price could now look to move lower and into the mid-way point of the range.

This mid-way point could look to act as a support level and a potential level to watch for bullish price action clues.

Any bullish price action at this level could trigger long trades.