mql5

Daily price is located below 200 period SMA (200 SMA) and below 100 period SMA (100 SMA) for the primary bearish market condition with the ranging within Fibo resistance level at 14.34 and Fibo support level at 13.64. RSI indicator is estimating the ranging condition to be continuing.

If the price will break Fibo resistance level at 14.34 so the local uptrend as the bear market rally will be started up to 14.61 as the next target.
If the price will break 14.61 resistance level so the price will be reversed from the primary bearish to the ranging bearish market condition to be located within 100 SMA/200 SMA ranging area.
If the price will break 15.12 resistance level so the reversal of the price movement from the primary bearish to the primary bullish market condition will be started.
If the price will break 13.64 support level from above to below so the primary bearish trend will be continuing.
If not so the price will be ranging within the levels.

Resistance	Support
14.34	13.79
14.61	13.64
15.12	N/A

• Recommendation to go short: watch the price to break 13.64 support level for possible sell trade
• Recommendation to go long: watch the price to break 14.61 resistance level for possible buy trade with 15.12 re-enter target
• Trading Summary: ranging