06.03.2020
The overall trend is downward. The currency pair is trading in the range of the round important level 0.6300 and in the range of 365 and 135 moving averages. The ascending H2 level pattern is truncated. Breaking through the round secondary level of 0.6280 will result in the formation of a descending wave pattern within the overall downward trend.
Trading recommendations:
Sell below the round secondary level of 0.6280.
A stop loss of 0.6332.
Target levels: 0.6220; 0.6200.
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