Technical Analysis on EURTRY 09.03.2017 by PaxForex

The price above 20 MA and 200 MA, indicating a growing trend.
The MACD is above the zero line.
The oscillator Force Index is above the zero line.

If the level of resistance is broken, you should follow recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 3.9800
• Take Profit Level: 4.0100 (300 pips)

If the price rebound from resistance level, you should follow recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 3.9500
• Take Profit Level: 3.9400 (100 pips)

GOLD
Possible short position at the breakdown level 1202

USDJPY
Possible long position at the breakout of the level 115.00

EURUSD
Possible long position at the breakout of the level 1.0570

GBPUSD
Possible short position at the breakdown level 1.2130

Source: www.paxforex.com