mql5

W1 price is located below 200 period SMA and near 100 period SMA for the primary bearish market condition with the secondary ranging: the price is ranging within 50.0% Fibo resistance level at 1.1010 and Fibo support level at 1.0494.



If the price will break Fibo support level at 1.0494 so the bearish trend will be continuing.
If the price will break 50.0% Fibo resistance level at 1.1010 from below to above so the local uptrebd as the secondary bear market rally will be started with the good possibility to the reversal of the price movement to the bullish market condition.
If not so the price will be ranging within the levels.

Trend:

• W1 - ranging bearish