Daily price is located above 200-SMA in the bullish area of the chart. The price was bounced from support level at 10.32 and from 100-SMA to above for the pimary bullish trend to be continuing.
- If the price breaks 55-SMA to above so the strong bullish trend will be resumed with 12.88 resistance as the global possible target.
- If the price crosses support level at 9.93 together with 200-SMA to below so the primary bearish reversal will be started with 8.64 support level as the global possible target.
- Aternatively, the price will be on secondary ranging to be near and above 200 SMA waiting for direction.
Trading Summary: waiting for direction
Profil MQL5
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