The trend is descending. The currency pair is trading within the 365-135 EMA range. The downward truncated wave structure ended with the breach of the sloping channel. Bearish divergence is present on the Awesome Oscillator, and the Stochastic Oscillator's signals an overbought condition.
Trade idea:
The bears tested the support level at 974.6. The downward wave structure is truncated. There is bullish divergence on the Awesome Oscillator and the Stochastic Oscillator indicates an oversold state.
Trade idea:
The trend is down. The pair is trading between the 365- and 135-EMA. The descending truncated wave structure ended with the breach of the sloping channel. There is bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator's moving averages are bearish as well.
Trade idea:
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