The price is below the moving average MA 200 and 20 MA, indicating the downward trend.
The MACD is below the zero level.
The oscillator Force Index is below zero level.
If the level of support is broken, you shall follow recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 1.0900
• Take Profit Level: 1.0780 (120 pips)
• Stop Loss Level: 1.0940 (40 pips)
If the price rebound from support level, you shall follow recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 1.0950
• Take Profit Level: 1.1050 (100 pips)
• Stop Loss Level: 1.0920 (30 pips)
GOLD
Possible long position at the breakout level 1168.20
GBPUSD
Possible long position at the breakout level 1.5770
EURUSD
Possible long position at the breakout level 1.1500
USDCHF
Possible short position at the breakdown level 0.9360
