mql5

Daily price is located within 100-day SMA/200-day SMA area ranging for the direction:

• Descending triangle pattern was formed with 1.0962 support to be crossed to below for the bearish trend.
• If the price breaks 38.2% Fibo resistance level at 1.1120 so we may see the bullish reversal to be started.
• If the price breaks 61.8% Fibo level to below so ther price will be reversed to the primary market condition on daily basis for example.

Trend:

• D1 - ranging on reversal
• W1 - ranging bearish
• MN1 - ranging bearish