It appears that price action is wanting to break the resistance level that previously acted as smaller channel in a descending wedge. If we see a confirmation we are taking a short position to the 120.7 area. If it confirms a bounce we are taking a long position and riding it back up to the 129 ish level.
Always practice proper risk management, if you don't know how please contact me, I'd be happy to help.
Always practice proper risk management, if you don't know how please contact me, I'd be happy to help.