28.12.2022
Analytics for EUR/SGD Forex pair, based on complex analysis of modified waves, Fibonacci levels and price channels
The trend is descending. There is a bearish divergence on the Awesome Oscillator, and the moving average of the Stochastic Oscillator is out of the oversold conditions zone. The formation of the ascending truncated wave structure finished with the breach of the sloping channel.
Trading idea:
Sell at the breach of 0.6861
Stop Loss: 0.6897
Target price levels: 0.6825; 0.6786
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