16.09.2019
Analysis based on round-number levels, price channels and modified Elliot Waves
The overall movement of the currency pair is downward. The N1 level upward pattern is truncated, and the Bearish divergence has formed on Awesome Oscillator. A breakout of 1.1060 level will result in a formation of a level M30 descending pattern within N8 level downward wave (C).
Trading recommendations:
Sell Below 1.1060.
Stop Loss-1.1110.
Target levels – 1.1015; 1.0930.
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