07.10.2019
Analysis based on round-number levels, price channels and modified Elliot Waves
The overall trend of the currency pair is downward. The price is in the range of 365 and 135 moving averages. The breakout of the support level 1.2275 will result in the formation of an H1 level descending pattern within the wave (C) of a H12 level descending pattern.
Trading recommendations:
Sell below 1.2275.
Stop loss – 1.2350.
Target levels – 1.2209 (closing ½ order and moving to breakeven); 1.2063 (138.2% F).
Thank you for subscribing to our analytics
You already subscribed
Don't have your language?
