W1 price is above 200 period SMA
(200-SMA) and above 100 period SMA (100-SMA) for the bullish market condition:
- the price is
trying to break Fibo resistance level at 1.3417 from below to above for the bullish trend to be continuing;
- ascending triangle pattern was formed by the price to be broken from below to above for the possible bullish breakout;
- RSI indicator is estimating possible breakout or secondary correction.
If the price will break 23.6 Fibo support level at 1.3077
so the secondary correction within the primary bullish trend will be started.
If the price will break Fibo resistance level at 1.3417 from below to above so the primary bullish trend will be continuing with the secondary breakout.
Trend:
