The price is below the moving average 20 MA and 200 MA, indicating the downward trend. Average in the MACD is below the zero level. The oscillator Force Index is below the zero level.
If the level of support is broken, you shall follow recommendations below: • Timeframe: H4 • Recommendation: Short Position • Entry Level: Short Position 1.5660 • Take Profit Level: 1.5500 (160 pips)
If the price rebound from support level, you shall follow recommendations below: • Timeframe: H4 • Recommendation: Long Position • Entry Level: Long Position 1.5730 • Take Profit Level: 1.5800 (70 pips)
GOLD Possible long position at the breakdown level 1338.00
GBPUSD Possible long position at the breakdown level 1.4100
EURUSD Possible short position at the breakdown level 1.2240
USDJPY Possible long position at the breakdown level 106.70
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