mql5

Daily price is located below 200-day SMA for the primary bearish market condition with the secondary ranging within 100-day SMA area and with key reversal bearish support level at 1.0989.

• If the price will break 1.1178 resistance level so the price will be reversed to the primary bullish market condition.
• If price will break 1.0989 support so the bearish trend will be continuing.
• If not so the price will be ranging within the levels.

Resistance	Support
1.1178	1.0989
1.1376	1.0707

• Recommendation to go short: watch the price to break 1.0989 support level for possible sell trade
• Recommendation to go long: watch the price to break 1.1178 resistance level for possible buy trade
• Trading Summary: ranging

SUMMARY : ranging

TREND : bearish