The euro against the dollar was unable to break the resistance level at 1.0750 yesterday, and it returned to the bearish rebound towards the support level 1.0645, which is the target for the rebound movement. Therefore, the downside scenario remains to dominate the price movement, especially since the price broke …
#FRE
The descendant wave structure is truncated. Awesome Oscillator indicates bullish divergence, and Stochastic Oscillator signals oversold conditions. The entry point on the pullback B is forming.
Trading idea:
Buy when the ascendant wave structure forms, where the wave (A) breaches through the inclined channel of the descendant truncated structure. …
The general trend is descendant. The currency pair is traded in the 365 and 135 moving averages span. Awesome Oscillator indicates bearish divergence, and Stochastic Oscillator signals overbought conditions.
Trading idea:
Sell when the descendant wave structure forms, where the wave (A) breaches through the inclined channel of the ascendant …
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