The currency pair is traded inside the descendant channel’s upper border span. Awesome Oscillator indicates bearish divergence, and Stochastic Oscillator signals overbought conditions. The ascendant wave structure has finished with the channel breach.
Trading idea:
Sell when level 1.0734 is breached.
Stop-loss: 1.0789.
Target levels: 1.0643; 1.0500.
News of the day, Monday, May 30
Oil was up today, hitting two-month highs as investors are in wait for the European Union's decision on the sixth package of sanctions against Russia. Brent Crude futures increased by 0.73%, and WTI futures gained 0.85%.
The U.S. dollar continued last week’s losses …
#FME
The share is traded inside the flat’s lower border span. The descendant wave structure is truncated. Awesome Oscillator indicates bullish divergence, and Stochastic Oscillator signals oversold conditions. The inclined channel of the descendant truncated structure is breached.
Trading idea:
Buy when the 56.845 level is breached.
Stop-loss: 55.400.
Target …
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