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 price rebound from resistance level, you shall follow recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 1.2585
• Take Profit Level: 1.2440 (145 pips)
If the level of resistance is broken, you shall follow recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 1.2685
• Take Profit Level: 1.2745 (60 pips)
GOLD
Possible short position in the breakdown of the level 1232
GBPUSD
Possible long position at the breakout of the level 1.4575
USDJPY
Possible short position in the breakdown of the level 110.65
EURUSD
Possible long position at the breakout of the level 1.1300
