The GBP/USD pair moved with a strong push to the upside, and returned to test the 1.2480 resistance again, thus the bullish scenario returns, which is confirmed by breaking the mentioned resistance level and settling above it.
The moving averages are pressing the price to rise further, as the two …
The EUR/USD pair started moving upwards and managed to breach the resistance level at 1.0550 and settled above it. Therefore, it is moving positively today towards the level of 1.0645, which is the next target for the current bullish movement.
The moving averages support the price to complete the ascending …
#OR
The general trend is ascendant. Descendant wave structures are truncated. Awesome Oscillator indicates bullish divergence. The support level 301.00 restrained sellers.
Trading idea:
Buy when the ascendant wave structure forms, where the wave (A) breaches through the inclined channel of the descendant truncated structure.
Stop-loss: 301.00.
Target levels: 375.00; …
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