The overall movement is upward. The 193.0 support level is holding back sellers. Bullish divergence has formed on Awesome Oscillator, and Stochastic Oscillator signals oversoldness.
Trading recommendations:
Buy when an ascending 1-2-3 pattern is formed, where wave 1 breaks through the inclined channel of the descending pattern.
Stop loss: …
The resistance level of 0.8572 held back the bulls. A bearish divergence has formed on Awesome Oscillator. Breaking through the support level of 0.8485 will result in the formation of a 1-2-3 descending pattern.
Trading recommendations:
Sell when a 1-2-3 descending pattern is formed, below 0.8485.
Stop loss: 0.8572. …
The pair is consolidating above the strong support level of 1.0985. Expect the price to continue to increase despite a possible slight correction, as investors move away from dollar assets and start buying risk assets more actively, including those denominated in euros.
Technical side:
The price is above the …
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