price is currently at a heavy consolidation phase on the daily timeframe with price constantly testing and rejecting the 1.58819 resistance zone. It is important to note that price is sitting comfortably above a demand zone and the pivot point which signals to me that bulls are still in control of this market. I would however like to see price breakout of the consolidation phase(break and close above 1.58819) with a further retest of the zone before moving approximately 150pips to the upside.