EURUSD analysis 27.02.2020

The overall trend is downward. The currency pair is trading in the range of the round important level of 1.0900. A bearish divergence has formed on Awesome Oscillator, and Stochastic Oscillator indicator overboughtness.

Trading recommendations:

Sell while a 1-2-3 descending pattern is forming (at the close of the hourly candle below the round secondary level of 1.0880).

Stop Loss: 1.0925.

Target levels: 1.0850 (round intermediate level – close the market and move to breakeven); 1.0782 (before the round secondary level 1.0780).