The pound against the dollar continues to move sideways below the resistance 1.2175, as it did not form any change from yesterday's movement.
The pound sterling against the dollar settled below the 1.2175 level around the moving average 50, pressing the price to rise again and breach the 1.2175 level. …
The EUR/USD pair reached the resistance level of 1.0250 after rebounding from the support 1.0170 to continue the sideways path between the two previous levels.
Stochastic is giving a negative sign for the movement, so we are likely to see a bearish correction and a drop in the price to …
#SWN
The "flag" trend continuation pattern is forming. Mirror level 6.40 is restraining the sellers. A bullish divergence forms on the Awesome Oscillator indicator, and the Stochastic Oscillator is signaling oversold.
Trading idea:
Buy on a breakout of 6.65.
Stop Loss: 6.40.
Target levels: 6.91; 7.46.
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