#BA
The trend is descendant. The ascendant wave structures are truncated. Awesome Oscillator indicates bearish divergence, and Stochastic Oscillator signals overbought conditions. The pivot 2 of wave C of the ascendant structure is breached.
Trading idea:
Sell when level 136.08 is breached.
Stop-loss: 142.00.
Target levels: 130.20; 113.50.
The EUR/USD pair was able to confirm the breach of the resistance level 1.0550 and is moving steadily towards the next target 1.0600, with positive support from the moving averages. But we should pay attention to the negativity of the stochastic indicator, due to which we are likely to witness …
There is nothing new about the sideways movement of the pound sterling against the dollar, as it continues in the sideways path, after yesterday it approached the resistance 1.2340, but it returned to rebound down to the level of the moving averages. Let's keep the movement neutral until the price …
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