26.08.2021
EURUSD
The overall trend is downward. The currency pair is trading in the range of 365 and 135 moving averages. The ascending wave pattern of the H2 level is truncated. Awesome Oscillator shows a bearish divergence, and Stochastic Oscillator signals overbought conditions.
EURUSD rate online: monitor the price movement in real time.
Trading idea:
Sell when a descending wave pattern is formed, where the wave (A) breaks through the inclined channel of the ascending truncated pattern.
Stop Loss for the local maximum (1.1775).
Target levels: 1.1700; 1.1665.
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