The pair is consolidating above 1.2540 as the British PM Boris Johnson reports that the country's coronavirus epidemic has reached the peak and its negative impact will begin to decline soon. From a technical point of view, the pair remains in a short-term uptrend, which will lead to an …
Global stock markets are recovering as the lockdowns are eased. The downward presumed correction (H8 wave) ended with a breakdown of the inclined channel. Breakout of the level 218 will result in the formation of an ascending wave pattern within the wave C of an ascending level H8 pattern. …
The price pivot zone of 1.0892 is actively holding back buyers. A bearish divergence has formed on Awesome Oscillator, and Stochastic Oscillator signals overboughtness. The ascending H4 level pattern is truncated.
Trading recommendations:
Sell while a descending wave pattern is forming, where wave A breaks through the inclined channel …
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