The support level of 0.8631 is holding back sellers. The descending pattern of the D1 level is currently truncated. The internal pattern of the H4 level is also truncated. A bullish divergence has formed on Awesome Oscillator.
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Trading idea:
Buy …
The pair dropped significantly at the end of the week amid a strong increase in inflation in the US, which may become the basis for the Fed to begin the process of reducing purchases of government bonds in the fall of this year. This will support the dollar, but …
#ECL
The overall trend is upward. The descending wave pattern is truncated. Awesome Oscillator shows a bullish divergence. The inclined channel of the descending truncated pattern is broken.
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Trading idea:
Buy at the breakout of 214.85.
Stop Loss: 210.80.
Target levels: 217.30; 229.40.
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