The price is below the moving average of 20 MA and MA 200, indicating the downward trend. MACD is below the zero level. The oscillator Force Index is below the zero levels.
If the level of support is broken, you shall follow the recommendations below: • Timeframe: H4 • Recommendation: Short Position • Entry Level: Short Position 1.2550 • Take Profit Level: 1.2480 (70 pips)
If the price rebound from the support level, you shall follow the recommendations below: • Timeframe: H4 • Recommendation: Long Position • Entry Level: Long Position 1.2610 • Take Profit Level: 1.2650 (40 pips)
GOLD A possible short position in the breakdown of the level 1332.00
USDCHF A possible long position at the breakout of the level 1.0000
EURUSD A possible short position in the breakdown of the level 1.1200
USDJPY A possible long position at the breakout of the level 108.80
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