The support level 1.3076 restrained buyers. The ascendant wave structure is truncated. Awesome Oscillator indicates bearish divergence, and Stochastic Oscillator signals overbought conditions.
Trading idea:
Sell when the descendant wave structure forms, where the wave (A) breaches through the inclined channel of the ascendant truncated structure.
Stop-loss: 1.3076.
Target levels: 1.2859; …
News of the day, Friday, June 17
The US dollar rose today with strong gains against the Japanese yen, as the Bank of Japan maintained its easy monetary policy. The Dollar index traded 0.8% higher, and USD/JPY rose 1.6%.
Due to aggressive monetary policy moves, European stocks are expected to …
The EUR/USD pair traded with positivity yesterday, as it reached the resistance level of 1.0550, then rebounded from it to the downside in a correction to the bullish track, and it is currently approaching the level of 1.0510, which constitutes its first support levels.
This movement comes with a negative …
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