The EUR/USD pair rebounded from the resistance level 1.0575, and reached the first target 1.0475, which constitutes a strong support level for the price.
Technical indicators support the bullish scenario, where the 20-50 moving averages form a strong support for the price and press it to end the bearish movement. …
The EUR/USD pair managed to break the resistance 1.0475 and reached the first target at the level of 1.0560. Therefore, it is a positive sign to end the old bearish path and start a bullish correction that may turn into a new path if trades stabilize above 1.0560, and the …
The general trend is descendant. The currency pair is trading between 365 and 135 moving averages. The ascendant wave structure of the M30 level is truncated. Awesome Oscillator indicates bearish divergence, and Stochastic Oscillator signals overbought conditions. The pivot 2 of wave C is breached.
Trading idea:
Sell when the …
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