0
773
W1 price is below 200 period SMA
(200-SMA) and above 100 period SMA (100-SMA) for bearish ranging market
condition located within 38.2% Fibo support level at 1.0955
and Fibo resistance level at 1.1528:
- the price is
ranging to be around 23.6 Fibo level at 1.1173;
- 38.2% Fibo support level at 1.0955
and Fibo resistance level at 1.1528 are located between 100-SMA and 200-SMA for the ranging market condition;
- RSI indicator is estimating ranging condition to be continuing.
If the price will break 38.2% Fibo support level at 1.0955
so the primary bearish trend will be continuing.
If the price will break Fibo resistance level at 1.1528 from below to above so the primary bullish trend may be started with the secondary ranging.
Trend: