mql5

D1 price is located above 200-day SMA (200 SMA) and 100-day SMA (100 SMA) for the primary bullish market condition with the secondary correction which was started in the end of March this year: the price is breaking symmetric triangle pattern to below for the correction to be continuing. The price is located within the following key s/r reversal levels:

• Fibo resistance level at 0.6965 located far above 100 SMA/200 SMA in the primary bullish area of the chart, and
• 50.0% Fibo support level at 0.6657 located near 100 SMA/200 SMA in the beginning of the bearish area of the chart.

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



If the price will break Fibo resistance level at 0.6965 so the primary bullish trend will be continuing.
If the price will break 50.0% Fibo support level at 0.6657 from above to below so the reversal of the price movement from the primary bullish to the primary bearish market condition will be started.
If not so the price will be ranging within the levels.

Trend:

D1 - correction