The EUR/USD pair reached the resistance level of 1.0250 after rebounding from the support 1.0170 to continue the sideways path between the two previous levels.
Stochastic is giving a negative sign for the movement, so we are likely to see a bearish correction and a drop in the price to …
#SWN
The "flag" trend continuation pattern is forming. Mirror level 6.40 is restraining the sellers. A bullish divergence forms on the Awesome Oscillator indicator, and the Stochastic Oscillator is signaling oversold.
Trading idea:
Buy on a breakout of 6.65.
Stop Loss: 6.40.
Target levels: 6.91; 7.46.
The support level of 83.44 restrained the sellers. A downward truncated structure was formed, which was completed by the breakdown of the sloping channel. The Awesome Oscillator indicator has bullish divergence. An entry point "on the pullback B" is formed.
Trading idea:
Buy on the formation of an upward wave …
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