The EURUSD pair continues to move sideways between the levels 1.0645 and 1.0750. Yesterday, it rebounded from the resistance level at 1.0750, and reached the support at 1.0645, to return to the upside again.
The moving averages form the first resistance levels near the 1.0700 area and are trying to …
#MC
The general trend is descendant. The ascendant wave structure is truncated. Awesome Oscillator indicates bearish divergence, and Stochastic Oscillator signals overbought conditions. The inclined channel of the ascendant truncated structure is breached.
Trading idea:
Sell when level 598.00 is breached.
Stop-loss: 621.00.
Target levels: 571.00; 543.92.
The general trend is descendant. The currency pair is traded between 365 and 135 moving averages. Stochastic Oscillator indicates overbought conditions. The “start fractal” is formed below 135 EMA, the breach of this figure will cause the pattern ABC to start.
Trading idea:
Sell when 6.6657 level is breached.
Stop-loss …
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