#BA
The trend is descendant. The ascendant wave structure is truncated. Stochastic Oscillator signals overbought conditions. The inclined channel of the ascendant structure is breached.
Trading idea:
Sell when level 133.24 is breached.
Stop-loss: 141.00.
Target levels: 126.89; 113.40.
The EUR/USD pair was able to settle above the resistance level at 1.0550 after the bullish movement that was formed with the closing of yesterday's trading. Therefore, the bullish scenario continues, and the initial targets will be 1.0600 and then 1.0645. With the support of the moving averages, the bullish …
The pound against the dollar continues to move sideways, as it tested the support level 1.2190, and returned to rise to the trend line level, which it has been trying to breach since the beginning of today's trading. But it is affected by the negativity of the stochastic indicator, so …
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