mql5

EUR/GBP: breakout with bullish reversal. Weekly price is breaking 200 period SMA for the reversal from the ranging bearish to the primary bullish market condition.

• if the price breaks 0.7946 resistance so the bullish trend will be continuing;
• if the price breaks 0.7525 support level so the price will be reversed back to the bearish market condition;
• if not so the price will be moved within the channel.

Resistance	Support
0.7946	0.7525
N/A	0.6982