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 25.15
• Take Profit Level: 24.15 (100 pips)
If the price rebound from support level, you shall follow recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 26.00
• Take Profit Level: 26.70 (70 pips)
GBPUSD
Possible short position in the breakdown of the level 1.2940
EURUSD
Possible long position at the breakout of the level 1.1790
USDCHF
Possible short position in the breakdown of the level 0.9580
USDJPY
Possible short position in the breakdown of the level 108.80
