mql5

Weekly price is on ranging market condition located within 100 SMA/200 SMS ranging area waiting for direction. The price is testing Fibo support level at 1.8101 to below for the reversal of the price movement from the ranging bullish to the primary bearish market condition.

Resistance	Support
1.9160	1.8101
2.0948	N/A

• if weekly price breaks 1.9160 resistance so the primary bullish trend will be continuing but with secondary ranging;
• if weekly price breaks 1.8101 support level so the reversal of the price movement from the ranging bullish to the primary bearish market condition will be started;
• if not so the price will be moved within the channel of the levels to be inside weekly ranging area.