The correction movement for the EUR/USD pair stopped at the resistance level of 1.0250. Where trading stabilized above the level of 1.0200, the bullish scenario remains the most likely, waiting for the price to break the resistance level 1.0250, and the target will be the level of 1.0350.
The moving …
The trend is descendant. The ascendant truncated wave structure of the H2 level is finished with breach of pivot 2 of wave C. Awesome Oscillator indicates bearish divergence, and Stochastic Oscillator signals overbought conditions.
Trading idea:
Sell when level 1.1984 is breached.
Stop-loss: 1.2046.
Target levels: 1.1925; 1.1806.
Oil prices slid more than $1 today ahead of expected builds in U.S. crude inventories. Brent crude futures fell 1.4%, and WTI crude futures slumped 1.3%.
Key tickers:
Brent: 106.18 — sell.
WTI: 99.34 — neutral.
NG: 7.254 — neutral.
The U.S. dollar edged lower …
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