The EUR/USD pair continues to move sideways around the support level 1.0170, as it has been moving around it since the beginning of the week after it failed to maintain the gains it achieved last week. Attention remains on the US data that will be released tomorrow, Friday, which will …
#GWILLY
The mirror level of 11.70 is holding the sellers back. The downward wave structure is truncated. The Awesome Oscillator indicator has a bullish divergence, and the Stochastic Oscillator indicator signals oversold. An entry point is formed on a B pullback.
Trade idea:
Buy on the formation of an upward …
The general trend is downward. Stochastic Oscillator indicator signals overbought.
Trading idea:
Sell on the formation of a downtrending wave structure, where wave (A) breaks the inclined channel of the ascending structure.
Stop-loss for the local maximum of the ascending structure.
Target levels: 0.6004; 0.5970.
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