The Euro faced intense pressure, which led to the breach of the support level 1.0170 and approached the support level 1.0100 in an attempt to return to the downside path. However, the stochastic formed a positive signal that led the price to return to test the average 50 level again …
#AIR
The general trend is downtrending. The ascending truncated wave structure ended with the breakdown of the inclined channel. The Awesome Oscillator indicator has bearish divergence, and the Stochastic Oscillator indicator signals overbought and shows bearish divergence.
Trading idea:
Sell on a breakout of 104.10.
Stop loss: 107.40.
Target levels: …
The general trend is upward. Downward truncated wave structure ended with the breakthrough of the inclined channel. The Awesome Oscillator indicator has a bullish divergence, and the Stochastic Oscillator indicator signals oversold.
Trading idea:
Buy on a breakout of 1.2900.
Stop loss: 1.2814.
Target levels: 1.2990; 1.3077.
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