The price is below the moving average 20 MA and MA 200, indicating the downward trend. 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 15.8600 • Take Profit Level: 15.6000 (2600 pips)
If the price rebound from support level, you shall follow recommendations below: • Timeframe: H4 • Recommendation: Long Position • Entry Level: Long Position 16.0000 • Take Profit Level: 16.0500 (500 pips)
EURUSD Possible long position at the breakout of the level 1.1450
USDCHF Possible short position in the breakdown of the level 0.9810
GBPUSD Possible long position at the breakout of the level 1.2770
USDJPY Possible short position in the breakdown of the level 107.90
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