The pound against the dollar continues its bearish movement after it broke the support level 1.2185 and reached the next support 1.2000. The bearish scenario has continued and the target will be the level of 1.1750 in the long term.
We are likely to see some correction to the upside …
The euro against the dollar continues its bearish movement, as it managed to break the support level 1.0475 and settled below it, and the next target will be the level of 1.0330, which is the lowest value of the euro against the dollar in its history.
The moving averages form …
The general trend is ascendant. The descendant truncated wave structure has finished breaching the inclined channel. Awesome Oscillator indicates bullish divergence, and Stochastic Oscillator signals oversold conditions.
Trading idea:
Buy when level 93.55 is breached.
Stop-loss: 92.38.
Target levels: 95.00; 96.40.
Don't have your language?
