The pair remains in a short-term uptrend amid the more positive global market sentiment and hopes that the peak of the coronavirus pandemic is just around the corner. The pair is also supported by the recovery of economic activity in China after the pandemic, increased demand for commodity assets, …
Analysis based on round-number levels, price channels and modified Elliott Waves
The 1.2480 resistance level is holding back the bulls. An ascending truncated H4 level pattern has formed. A bearish divergence has formed on Awesome Oscillator, and Stochastic Oscillator signals overboughtness.
monitor the movement of …
A resistance level of 27.50 holds back the bulls. Stochastic Oscillator signals overboughtness, and a Bearish divergence has formed on Awesome Oscillator. The stock is trading in the range of the upper limit of the downward price channel.
Trading recommendations:
Sell below 27.00.
Stop loss: 27.50.
Target levels: 26.43; …
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