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Critical level is getting closer and closer.
Written by: PaxForex analytics dept - Thursday, 05 March 2015 0 comments
Downtrend is coming to key number 1.5200. Earlier, Bears were stopped on this level. Let's see if the level will withstand the pressure. Average MACD below the zero line. The oscillator Force Index below the zero line, but in the correction. If the level of support is broken, you should follow recommendations below:
Recommendation: Short Position
Entry Level: Short Position 1.5190
Take Profit Level: 1.4982 (208 pips)
Stop Loss Level: 1.5248 (58 pips)
If the price rebound from support level, you should follow recommendations below: