Weekly price is on ranging near and above 200 SMA in the bullish area of the chart. The price is located within 1.2782/1.6072 s/r channel waiting for the bullish trend to be continuing with 1.6072 resistance to be broken on close weekly bar or for the primary weekly bearish reversal to be started with the price to be crossed 200 SMA together with 1.2782 support level to below. Stochastic oscillator is on oversold market condition so the most likely scenario is the primary bullish trend to be resumed.
Trading Summary: waiting for direction
Profil MQL5
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The price broke the support level at 1.2782 to below on close weekly bar together with trying to cross 200 SMA to below as well for the primary bearish market reversal to be started.