The price is below the moving average MA 200 and 20 MA, indicating the downward trend.
The MACD is below the zero level.
The oscillator Force Index is below zero level.
If the level of support is broken, you shall follow recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 110.90
• Take Profit Level: 110.00 (90 pips)
If the price rebound from support level, you shall follow recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 111.50
• Take Profit Level: 112.20 (70 pips)
GOLD
Possible long position at the breakout level 1270
GBPUSD
Possible long position at the breakout level 1.4370
EURUSD
Possible long position at the breakout level 1.1350
USDCHF
Possible short position at the breakdown level 0.9670
