EUR/GBP Trading Analysis (21/06/2024)

The trend is downward. The currency pair is trading in a range between 365 and 135 ЕМА. The ascending wave structure is truncated. There is a bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals an overbought condition.

Trading analysis:

Sell when the formation of the descending wave structure begins, when the A-wave breaks the sloping channel of the ascending truncated structure.

Stop-loss below the local maximum of the ascending structure.

Price targets at 0.84174 and 0.84000.

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