mql5

EUR/USD: bearish ranging within narrow levels. This pair is on primary bearish market condition located below Ichimoku cloud and below Senkou Span line which is the virtual border between the primary bearish and the primary bullish trend on the chart. Intra-day price is on ranging within the narrow s/r levels for the bearish trend to be continuing or to the bear market rally to be started.

• if the price breaks 1.1294 resistance so the local uptrend as the bear market rally will be started with 1.1367 bullish reversal target to re-enter;
• if the price breaks 1.1233 support level so the primary bearish market condition will be continuing;
• if not so the price will be moved within the channel.

Resistance	Support
1.1294	1.1233
1.1367	N/A