Home About the company Daily reviews EUR/USD Trading Analysis (01/08/2024)

EUR/USD Trading Analysis (01/08/2024)

01.08.2024

The moving average of the RSI indicator rebounded from the oversold level of 30 on the H4 timeframe. The downward truncated wave structure ended with the breach of the pivot 2 of the wave C. There is a bullish divergence on the Awesome Oscillator.

Trading idea:

Buy on the breach of 1.0835.
Stop-loss at 1.0797.
Price targets at 1.0875 and 1.0920.

#eurusd #forex #forextrading #tradersroom #daytradingpatterns #forexexpertadvisor

Author: GC

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