EURUSD chart demonstrates the classic saw. For several days now quotes have been moving within sideways trend. Nevertheless such movements are often tend to continue fundamental trend route, i.e. downwards. So, if the support level is broken, we will join the bears.
The MACD below the zero line.
The oscillator Force Index below the zero line.
If the level of support is broken, you should follow recommendations below:The MACD below the zero line.
The oscillator Force Index below the zero line.
- Timeframe: H4
- Recommendation: Short Position
- Entry Level: Short Position 1,1266
- Take Profit Level: 1,1097 (169 pips)
- Stop Loss Level: 1,1312 (46 pips)
- Timeframe: H4
- Recommendation: Long Position
- Entry Level: Long Position 1,1310
- Take Profit Level: 1,1438 (128 pips)
- Stop Loss Level: 1,1273 (37 pips)