mql5

H4 price is located above SMA with period 100 (100 SMA) and above SMA with the period 200 (200 SMA) for the bullish market condition. The key support/resistance levels for this pair are the following:

• 1.1437 resistance level located far above 100 SMA/200 SMA area in the primary bullish area of the chart, and
• 1.1189 support level located between 100/200 SMA in the beginning of the bearish area.

RSI indicator is estimating the ranging bullish trend to be continuing.

• If the price will break 1.1437 resistance level so the bullish trend will be continuing.
• If price will break 1.1189 support so the bearish reversal will be started.
• If not so the price will be ranging within the levels.

Resistance	Support
1.1437	1.1189
1.1437	1.1189

• Recommendation to go short: watch the price to break 1.1189 support level for possible sell trade
• Recommendation to go long: watch the price to break 1.1437 resistance level for possible buy trade
• Trading Summary: ranging

SUMMARY : ranging

TREND : bullish