EUR/USD Intra-Day Technical Analysis - bearish ranging or bearish breakdown

H4 price is located below SMA with period 100 (100-SMA) and SMA with the period 200 (200-SMA) within the following key support resistance levels:

• 1.0762 key reversal resistance level located on the border between the primary bearish and the primary bullish on intra-day chart, and
• 1.0565 support level located on the bearish area of the chart.
  

RSI indicator is estimating the ranging bearish market condition to be continuing.

• If the price will break 1.0762 resistance level so the reversal of the intra-day price movement from the primary bearish to the primary bullish condition will be started up to 1.0807 as the next nearest target.
  
• if price will break 1.0565 support so the bearish trend will be continuing.
  
• if not so the price will be ranging within the levels.
  

• Recommendation to go long: watch close price to break 1.0762 resistance level for possible buy trade
• Recommendation to go short: watch close price to break 1.0565 support level for possible sell trade
• Trading Summary: ranging

SUMMARY : ranging