mql5

D1 price is below 100-day SMA and 200-day SMA for the primary bearish market condition within the following key erversal s/r levels:

• Fibo resistance level at 1.5204 located near 200-day SMA in the beginning of the bullish area of the chart, and
• Fibo support level at 1.4433 located below 100 SMA/200 SMA in the bearish area.

RSI indicator is estimating the ranging condition to be continuing in the near future.



If the price will break Fibo support level at 1.4433 together so the primary bearish trend will be continuing with 1.4345 level as the nearest target to re-enter.
If the price will break Fibo resistance level at 1.5204 from below to above so the reversal of the price movement from the ranging bearish to the primary bullish market condition will be started.
If not so the price will be ranging within the levels.

Resistance	Support
1.5204	1.4433
1.5673	1.4345

• Recommendation for long: watch close price to break 1.5204
  for possible buy trade
• Recommendation to go short: watch price to break 1.4433
  support level for possible sell trade
• Trading Summary: ranging

SUMMARY : bearish

TREND : ranging