mql5

The price is located near 200-day SMA (200 SMA) and below 100-day SMA (100 SMA) on the border between the primary bullish and the ranging bearish trend on the chart within the following narrow support/resistance levels:

• 44.89 resistance level located near and above 200 SMA on the beginning of the bullish area of the chart, and
• 42.49 support level located below 200 SMA and above 100 SMA in the beginning of the ranging bearish area.

RSI indicator is estimating the secondary ranging market condition.

• If the price will break 44.89 resistance level so the bullish trend will be started.
• If price will break 42.49 support so the ranging bearish condition will be continuing.
• If not so the price will be ranging within the levels.

Resistance	Support
44.89	42.49
50.86	39.59
N/A	37.23

The Medium-Term Strategy: watch close price to break 44.89 resistance level on close daily bar for possible buy trade with 50.86 target. Alternateve - watch close H4 price to break 42.49 support level for possible sell trade with 39.59 and 37.23 targets