The resistance level of 0.7524 is holding back buyers. The ascending wave pattern of the H8 level is truncated and ended with the breakdown of the inclined channel. Awesome Oscillator shows a bearish divergence. The breakout of 0.7423 will result in the formation of a descending wave pattern.
The pair remains in a short-term uptrend. It found support above 1.2125 and may significantly increase this week if the mood in the markets significantly improves.
Technical side:
The price is located above the middle Bollinger band, above SMA 5 and SMA 14. RSI is above the 50% level …
#ICE
The overall trend is upward. The downward pattern ended with the breakout of the inclined channel. A bullish divergence has formed on Awesome Oscillator, and Stochastic Oscillator indicator signals oversold conditions.
Trading idea:
Buy shares when an ascending wave pattern is formed after the correction.
Stop Loss: 111.24. …
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