01.10.2020
The currency pair is trading in the range of 365 and 135 moving averages directed down. An extended bearish divergence is forming. An ascending truncated pattern has formed on the chart.
EURUSD rate online: monitor the price movement in real time.
Trading recommendations:
Buy when a descending wave pattern is formed, where the wave (A) breaks through the inclined channel of the ascending truncated pattern.
Stop Loss for the local maximum of the truncated pattern.
Target levels: 1.1684 (price pivot zone and pivot 1 wave C); 1.1615.
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