mql5

The daily price is located below 100-day SMA (100 SMA) and below 200-day SMA on the primary bearish area of the chart. Price is ranging within the following support/resistance levels:

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

RSI indicator is estimating the ranging market condition to be continuing.

• If the price will break 38.93 resistance level so the bullish reversal 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
38.93	27.06
54.00	N/A

The Medium-Term Strategy: bearish ranging within 38.93/27.06 area.

The Long-Term Strategy: watch close price to break 38.93 resistance level for possible buy trade.