08.01.2020
The overall trend is upward. The round secondary level of 0.6620 holds back sellers. A truncated H1 level pattern has formed. The weakness of the downward movement is also confirmed by bullish divergence on Awesome Oscillator indicator and oversoldness on Stochastic Oscillator indicator. Breaking through the round intermediate level 0.6650 will result in the formation of an ascending structure.
Trading recommendations:
Buy above 0.6651.
Stop loss – 0.6612.
Target levels - 0.6680 (round secondary); 0.6750 (round intermediate level + trap for pros).
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