The EUR/USD pair continues its bearish movement after it broke the support level 1.0475 and settled below it. Therefore, it opens the way to complete the bearish scenario, which we talked about in the previous report, with the aim of reaching the support level 1.0340 and trying to break through …
The general trend is ascendant. The descendant wave structure has finished breaching the inclined channel. The “start fractal” formed above 135 EMA. Awesome Oscillator indicates bullish divergence, and Stochastic Oscillator signals oversold conditions.
Trading idea:
Buy when level 1.1097 is breached.
Stop-loss: 1.1044.
Target level: 1.1162.
The descendant wave structure is truncated. Awesome Oscillator indicates bullish divergence, and Stochastic Oscillator signals oversold conditions. The entry point on the B pullback 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.
Stop-loss …
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