Stochastic Oscillator signals overboughtness. Awesome Oscillator shows a bearish divergence. The chart shows a false breakout. A breakout of the price pivot zone of 341.72 will result in a descending pattern 1-2-3.
Trading recommendations:
Sell as the price is fixed below the price pivot zone of 341.72.
Stop Loss: 347.82. …
Analysis based on round-number levels, price channels and modified Elliot Waves
EURUSD
Daily timeframe shows the pair reaching the support level of 1.0890. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator signals oversoldness.
Ascending pattern 1-2-3 is forming on the H1 timeframe. The price is within the range of …
The pair is trading at 1.0905. It’s expected to resume falling amid the weaker EU economy and the ECB’s vague monetary policy position. USD is consolidating against EUR primarily thanks to the weakness of the latter, and not due to its intrinsic strength.
The price is below the middle Bollinger …
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