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Weekly price started the secondary correction within the primary bullish market condition in the beginning of December last year: price broke key levels from above to below and came to be very close to the key reversal support level breaking Ichimoku cloud together with Senkou Span line which is the virtual border between the primary bearish and the primary bullish trend on the chart. The price is ranging within the following key s/r levels

• 2.3073 key resistance level located near and above Ichimoku cloud in the beginning of the primary bullish area of the chart, and
• 2.1498 key support level located below Ichimoku cloud in the beginning of the primary bearish area.

Absolute Strength indicator is estimating the ranging bearish condition, and Chinkou Span line is located to be below the price for the breakdown to be continuing.

If the price will break 2.1498 support level on close bar so the reversal of the price movement from the primary bullish to the primary bearish market condition will be started.
If the price will break 2.3073 resistance level on close bar so the bullish trend will be continuing.
If not so the price will be on ranging within the levels.

• Recommendation for long: watch close close price to break 2.3073 for possible buy trade
• Recommendation to go short: watch close price to break 2.1498 support level for possible sell trade
• Trading Summary: correction to bearish reversal

Resistance	Support
2.3073	2.1498
2.5872	2.0005

SUMMARY : breakdown

TREND : weekly bearish reversal