The price pivot zone of 0.6232 is holding back buyers. A bearish divergence has formed on Awesome Oscillator. The ascending H12 level pattern is truncated.
Trading recommendations:
Sell while a descending wave pattern is forming, where the wave (A) breaks through the inclined channel of an ascending truncated H12 …
The price pivot zone of 29.80 is holding back buyers. Awesome Oscillator shows bearish divergence, while Stochastic Oscillator signals overboughtness. Breaking through the price pivot zone of 28.28 will result in the formation of a descending pattern 1-2-3.
Trading recommendations:
Sell at the breakout level of 28.28.
Stop loss …
The pair remains under pressure as the EU announces a stimulus package to support the economy. It turned out to be smaller than expected—1 trillion euros instead of 2 trillion. Moreover, the meeting didn’t clarify the details of the deal, which will weaken the pair in the short term. …
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