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EURAUD analysis 20.03.2020

20.03.2020

Market Review

The overall trend is upward. The downward truncated H1 level pattern tested the range of 365 and 135 moving averages. Stochastic Oscillator signals oversoldness.

Trading recommendations:

Buy strictly on the current uptrend while an ascending wave pattern is forming, where the wave (as) breaks through the inclined channel of the descending truncated H1 level pattern, completing it.

Stop loss at the local minimum (1.8025).

Target levels: 1.8820; 1.9150; 1.9750.

Author: admin
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