mql5

Daily price is on bearish market condition with below of 100-period SMA and 200-period SMA:

• the price crossed 42.18 and 41.51 levels to below together with descending triangle pattern for the bearish trend to be continuing;
• next support levels to be broken are 37.31 and 36.29;
• nearest resistance levels are 42.18 and 41.51.

Resistance	Support
42.18	37.31
41.51	36.29

• if daily price breaks 42.18 resistance so we may see the secondary rally within the primary bearish market condition;
• if daily price breaks 37.31 support level so the primary bearish trend will be continuing up to 36.29 level as the next bearish target;
• if not so the price will be ranging within the levels.