The pair received support at 107.50. It has every chance to turn up amid the growth of cautious optimism due to decreasing number of coronavirus death in Europe and the US, as well as positive economic statistics from China published today. This may serve as a basis for local …
The currency pair is trading in the range of the round important level 0.6100. The ascending patterns of H8 and H4 are truncated. A bearish divergence has formed on Awesome Oscillator, and Stochastic Oscillator signals overboughtness. The correction of the price below the round secondary level of 0.6080 will …
The overall trend is downward. A bearish divergence has formed on Awesome Oscillator, and Stochastic Oscillator signals overboughtness. A breakout of 574.50 will result in the formation of a 1-2-3 descending pattern within the overall downtrend.
Trading recommendations:
Sell below 574.50.
Stop loss: 622.90.
Target levels: 534.00; 477.00.
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