The price is below the moving average 20 MA and 200 MA, 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 1084.60
• Take Profit Level: 1074.60 (1000 pips)
• Stop Loss Level: 1088 (340 pips)
If the price rebound from support level, you shall follow recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 1089
• Take Profit Level: 1099 (1000 pips)
• Stop Loss Level: 1086 (300 pips)
GBPUSD
Possible long position at the breakdown level 1.5185
EURUSD
Possible long position at the breakdown level 1.0790
USDCHF
Possible long position at the breakdown level 1.0010
USDJPY
Possible long position at the breakdown level 123.60
