05.03.2020
The general trend is downward, which is confirmed by 365 and 135 moving averages. The round intermediate range of 0.8450 holds back buyers. A bearish divergence is forming on Awesome Oscillator, and Stochastic Oscillator signals overboughtness.
Trading recommendations:
Sell strictly while a downward wave pattern is forming, where wave A breaks through the inclined channel of the ascending structure (A + B +C).
Stop loss for a local maximum.
Target levels: 0.8350; 0.8314.
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