Like with EURUSD, this pair is also forming some sort of a triangle and from here it could break-out in either direction, hence making the situatsion extremely difficult. Even placing pendings is very dangerous as a fake move is fairly common during these high risk events.
If one really needs to trade this event, then choosing the upside would make more sense as the recent trend is clearly up and it should be easier path for price to follow.
If one really needs to trade this event, then choosing the upside would make more sense as the recent trend is clearly up and it should be easier path for price to follow.
