The EUR/USD pair stabilized in the sideways range around the 7-20 EMAs and did not give any indication for the movement, so we maintain expectations of continuing the bearish path as long as the price is below the resistance level 1.0475, and the target will be the level of 1.0330 …
The descendant wave structures are truncated. The historical support 1.3391 restrains sellers. Awesome Oscillator indicates bullish divergence, and Stochastic Oscillator signals oversold conditions. The inclined channel of the descendant truncated structure is breached.
Trading idea:
Buy when level 1.3424 is breached.
Stop-loss: 1.3391.
Target levels: 1.3450; 1.3520.
The pound sterling against the dollar did not form any significant movement during yesterday's trading, as it settled within a sideways range around the level of the two moving averages 7-20, but the bearish path remains the most likely in the coming periods, due to the negative pressure of the …
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