mql5

Daily price is located above 100 SMA/200 SMA reversal zone on the bullish area of the chart within the following support/resistance levels:

• 1375.11 resistance located far above 200 SMA in the bullish area of the chart, and
• 1305.46 support level located in the beginning fo the secondary correction.

If the price will break 1375.11 resistance level so the primary bullish trend will be continuing.
If the price will break 1305.46 support level so the local downtrend as the secondary correction within the primary bullish trend will be started.
If price will break 1199.59 support so we may see the reversal of the price movement to the primary bearish market condition with 1115.31 possible bearish target.
If not so the price will be ranging within the levels.

Resistance	Support
1375.11	1305.46
N/A	1199.59

• Recommendation to go short: watch the price to break 1305.46 support level for possible sell trade
• Recommendation to go long: watch the price to break 1375.11 resistance level for possible buy trade
• Trading Summary: ranging

SUMMARY : ranging

TREND : bullish