mql5

Daily price is located above 100-day SMA/200-day SMA area for the bullish market condition with the ranging within the following key support/resistance levels:

• 16.01 resistance located above 200-day SMA area in the primary bullish of the chart, and
• 15.16 support level located near 200-day SMA on the border between the primary bullish and the primary bearish trend.

RSI indicator is estimating the ranging bullish trend to be continuing
If the price breaks 15.16 support level so the reversal of the price movement from the primary bullish to the primary bearish market condition will be started.
If the price breaks 16.01 resistance level to above on close daily bar so the bullish trend will be continuing.
If not so the price will be ranging within the levels.

• Recommendation for long: watch close the price to break 16.01 for possible buy trade
• Recommendation to go short: watch the price to break 15.16 support level for possible sell trade
• Trading Summary: bullish

Resistance	Support
16.01	15.16
N/A	13.64

SUMMARY : bullish

TREND : ranging