The 16.9600 support level restrains sellers. The descendant wave structure is truncated. Awesome Oscillator indicates bullish divergence, and Stochastic Oscillator’s moving levels are upbound. The pivot 2 of wave C of the descendant truncated structure is breached.
Trade idea:
Buy when level 17.22098 is breached.
Stop-loss — …
News of the day, Friday, February 25
European stock markets have rebounded slightly upwards after the start of the broad Russian invasion in Ukraine. Yesterday’s decline in European index futures seemed rather tragic, but just a day after it seems to calm down. The DAX futures traded 0.1% higher, CAC …
The price of gold fell strongly yesterday, to record a historical decline in one day, and ended trading below the level of 1916.25, to fall under additional negative pressure expected in the upcoming sessions, on its way to visit the level of 1860.00 mainly.
Therefore, the bearish bias will be …
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