All the attempts the Bulls did to rise the price levels were failed. It seems we ran out the fuel and we are expecting the 1.2050 level.
Average MACD went from the histogram and shows divergence, although above the zero line.
The oscillator Force Index crossed the zero level down.
If the level of support is broken, you should follow recommendations below:
- Timeframe: D1
- Recommendation: Short Position
- Entry Level: Short Position 1.2349
- Take Profit Level: 1.2052 (297 pips)
- Stop Loss Level: 1.2410 (61 pips)
- Timeframe: D1
- Recommendation: Long Position
- Entry Level: Long Position 1.2410
- Take Profit Zone: 1.2610 (200 pips)
- Stop Loss Level: 1.2360 (50 pips)