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W1 price is on bearish ranging market condition: the price is moving within the following support/resistance levels:
- 1.5929 key resistance level located on the bullish area of the chart,
- 1.5329 key support level located in the bearish area of the chart.
Chinkou Span line is near the price to be ready to cross it in any direction to break the levels.
If W1 price will break 1.5329
support level on close W1 bar so the primary bearish will be continuing
If W1 price will break 1.5929 resistance level so we may see the reversal to the primary bullish
condition.
If not so the price will be ranging between the levels.
Trend:
