H4 price is located near and above SMA with period 100 (100-SMA) and SMA with the period 200 (200-SMA) waiting for the direction for the possible breakout or breakdown. The key support/resistance levels for this pair are the following: 1.1266 key support level located on the border between the bearish and bullish area and 1.1386 key resistance level located on the bullish area of the chart.
- If the price will break 1.1386 key resistance level so the bullish trend will be continuing.
- if price will break 1.1266 key support level so the bearish reversal will be started.
- if not so the price will be ranging within the levels.
Resistance | Support |
---|---|
1.1386 | 1.1266 |
N/A | N/A |
- Recommendation to go short: watch the price to break 1.1266 support level for possible sell trade
- Recommendation to go long: watch the price to break 1.1386 resistance level for possible buy trade
- Trading Summary: ranging
SUMMARY : ranging