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 108.40 • Take Profit Level: 107.40 (100 pips)
If the price rebound from support level, you shall follow recommendations below: • Timeframe: H4 • Recommendation: Long Position • Entry Level: Long Position 109.20 • Take Profit Level: 110.00 (80 pips)
GOLD Possible long position at the breakout of the level 1307.00
GBPUSD Possible short position in the breakdown of the level 1.3200
USDCHF Possible long position at the breakout of the level 0.9970
EURUSD Possible short position in the breakdown of the level 1.1500
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