PaxForex | Analysis on EURGBP 20.11.2015

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 the zero level.
If the price rebound from resistance level, you shall follow recommendations below:
•             Timeframe: H4
•             Recommendation: Short Position
•             Entry Level: Short Position 0.6980
•             Take Profit Level: 0.6930 (50 pips)
•             Stop Loss Level: 0.6995 (15 pips)
If the level of resistance is broken, you shall follow recommendations below:
•             Timeframe: H4
•             Recommendation: Long Position
•             Entry Level: Long Position 0.7000
•             Take Profit Level: 0.7050 (50 pips)
•             Stop Loss Level: 0.6980 (20 pips)

GOLD
Possible long position at the breakout of the level 1088
EURUSD
Possible short position in the breakdown of the level 1.0650
USDCHF
Possible short position in the breakdown of the level 1.0110
USDJPY
Possible short position in the breakdown of the level 122.60

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