On the D1 timeframe the currency pair tests the upside boundary of the descendant price channel. The ascendant truncated wave structure of H2 level is finished with breaching through the inclined channel. Awesome Oscillator indicates bearish divergence.
Trade idea:
Sell when the secondary round level 1.2480 is breached.
Stop-loss — …
#MKS
The general trend is ascendant. The descendant wave structure is truncated. Awesome Oscillator indicates bullish divergence. The share fluctuates between 365 and 135 moving averages.
Trade idea:
Buy when the ascendant wave structure forms, where a wave (A) breaches through the inclined channel of the descendant truncated structure.
Stop-loss …
News for today, Friday, February 4
The US dollar decreased approx. by 2% this week, which is the most noticeable weekly drop since March 2020. On the other hand, EUR/USD is up 0.2% to 1.1456. The main reason for Euro’s increase is the ECB press conference following a policy meeting …
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