11.03.2020
The general trend is downward, as evidenced by 365 and 135 moving averages in the range of which the pair is trading. The ascending H1 level pattern is truncated. A bearish divergence has formed on Awesome Oscillator, and Stochastic Oscillator signals overboughtness. A break of support 111.44 will result in the formation of a downtrend as part of a general downtrend.
Trading recommendations:
Sell strictly below 111.44.
Stop loss: 112.57.
Target levels: 110.14; 109.57.
If the price rises to the resistance level of 112.57, cancel the trading plan.
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