mql5

H4 price is ranging within 100 period SMA (100 SMA) and 200 period SMA (200 SMA) waiting for the direction to break the levels.

The key reversal support/resistance levels for this pair are the following:

• 50.0% Fibo resistance level at 1.0922 located near and above 200 SMA in the beginning of the bullish area of the chart, and
• 1.0859 support level located below 100 SMA/200 SMA in the primary bearish area.

RSI indicator is estimatying the ranging bullish condition in the near future.

• If the price will break 1.0922 resistance level so the bullish reversal will be started.
• If price will break 1.0859 support so we may see the primary bearish market condition to be continuing without ranging.
• If not so the price will be ranging within the levels.

Resistance	Support
1.0922	1.0859
1.0984	N/A

• Recommendation to go short: watch the price to break 1.0859 support level for possible sell trade
• Recommendation to go long: watch the price to break 1.0922 resistance level for possible buy trade
• Trading Summary: ranging

SUMMARY : ranging

TREND : waiting for direction