In previous recommendations, we were in a short position and has successfully increased its goal to 0,7500 but it seems that the bears are not going to stop. We will join them if they overcome the level 0,7400.
The price is below the moving average 20 MA and 200 MA, indicating the downward trend.
MACD is already below the zero line and shows the continuation of the downward movement.
The oscillator Force Index is in correction, but under the 0-th level.
If the level of support is broken, you should follow recommendations below:
- Timeframe: D1
- Recommendation: Short Position
- Entry Level: Short Position 0,7398
- Take Profit Level: 0,7258
- Stop Loss Level: 0,7451
- Timeframe: D1
- Recommendation: Long Position
- Entry Level: Long Position 0,7460
- Take Profit Level: 0,7566
- Stop Loss Level: 0,7420