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 level of support is broken, you shall follow recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 110.20
• Take Profit Level: 109.30 (90 pips)
If the price rebound from support level, you shall follow recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 110.80
• Take Profit Level: 111.40 (60 pips)
GOLD
Possible long position at the breakdown level 1282.00
GBPUSD
Possible long position at the breakdown level 1.2920
EURUSD
Possible long position at the breakdown level 1.1290
USDCHF
Possible short position at the breakdown level 0.9610
