mql5

Intra-day price is located below 100 period SMA (100 SMA) and 200 period SMA (200 SMA) in the primary bearish area of the chart. The price was on the bearish breakdown ansd it was stopped by 27.06 support level for the bouncing to be started: the price is on the local uptrend as the bear market rally by the symmetric triangle pattern to be broken to above for the rally to be continuing. The price is located within the following support/resistance levels:

• 32.32 resistance level located near 100 SMA and below 200 SMA on the border between the primary bearish and the ranging bearish market condition, and
• 35.95 resistance level located near and above 200 SMA in the beginning of the bullish area of the chart, and
• 27.06 support level located far below 100 SMA/200 SMA in the primary bearish area.

RSI indicator is estimating the secondary ranging market condition.

• If the price will break 32.32 resistance level so we may see the ranging condition within the primary bearish with 35.94 target to re-enter.
• If the price will break 35.94 resistance level so the reversal of the intra-day price movement from the primary bearish to the primary bullish trend will be started.
• If price will break 27.06 support so the primary bearish market condition will be continuing.
• If not so the price will be ranging within the levels.

Resistance	Support
32.32	27.06
35.94	N/A

The Medium-Term Strategy: watch close price to break 32.32 resistance level for possible buy trade. Alternateve - watch price to break 28.78 support level for possible sell trade.

The Long-Term Strategy: watch close price to break 35.94 resistance level for possible buy trade. Alternateve - watch price to break 27.06 support level for possible sell trade.