We can see on the chart that price is moving above the EMA and CPR. However, now the price is showing weak move due to consolidating and the volume is also low. Thus, we can say that currently it is in a no trading zone.
But after retracement we can identify its upmove and then can trade accordingly.
Because of a strong upmove before, the price will consolidate a bit more at this level. Its taking support of 200EMA and price action support. Moreover, it is within the weekly CPR range.
Currently it is in a no trading zone.
Since, we are observing a falling EMA, daily and weekly CPR resistance over the price, we can say that this resistance is strong. Further, the price hasn't touched EMA throughout the day, it will most probably hover around the EMA and react with the resistance.
