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 107.60
• Take Profit Level: 106.60 (100 pips)
If the price rebound from support level, you shall follow recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 108.30
• Take Profit Level: 109.00 (70 pips)
GOLD
Possible long position at the breakout level 1258.40
GBPUSD
Possible long position at the breakout level 1.4640
EURUSD
Possible long position at the breakout level 1.1370
USDCHF
Possible short position in the breakdown of the level 0.9660
