Forecast for Tomorrow - levels for EUR/USD: ranging on reversal for direction

H4 price is on primary bearish market condition located near and below Ichimoku cloud and 'reversal' Sinkou Span line which is the virtual border between the primary bullish and the primary bearish on the chart. Price is ranging within the following key reversal support/resistance levels:

• 1.0689 key resistance level located above Ichimoku cloud in the primary bullish area of the chart, and
• 1.0550 key support level located below Ichimoku cloud in the primary bearish area.

There are imtermediate s/r levels for intra-day price on the way to the key reversal levels:

• 1.0637 resistance located inside Ichimoku cloud; if the price breaks this level from below to above so the bullish reversal may be started with the secondary ranging condition, and
• 1.0565 support level; if close H4 price breaks this level so 1.0550 level will be the next bearish target in this case.
  

Absolute Strength indicator is evaluating the trend as the ranging condition.

If H4 price will break 1.0550 support level on H4 bar so the primary bearish trend will be continuing.
If H4 price will break 1.0689 resistance level so we may see the reversal to the primary bullish condition with the good possibility to the breakout.
If not so the price will be ranging within the levels.

• Recommendation for long: watch close H4 price to break 1.0689 for possible buy trade
• Recommendation to go short: watch H4 price to break 1.0550 support level for possible sell trade
  
• Trading Summary: ranging

SUMMARY : bearish