A round intermediate level of 1.2150 holds back the bulls. A bearish divergence has formed on Awesome Oscillator, and Stochastic Oscillator signals overboughtness. The inclined channel of the ascending pattern is broken through presumably by the first wave of the forming pattern 1-2-3.
Trading recommendations:
Sell while a pattern …
Price pivot zone 28.66 holds back buyers. A bearish divergence has formed on Awesome Oscillator, and Stochastic Oscillator signals overboughtness. A break of the support level of 27.40 will result in the formation of a downward 1-2-3 pattern.
Trading recommendations:
Sell below 27.40.
Stop loss:28.66.
Target levels: 26.43; 25.47; …
The pair is turning down due to the rising crude oil prices after Wednesday’s sell-off. The positive dynamics of futures for major stock indices in Europe and the US also puts pressure on the pair. If this positive sentiment persists, while today’s US unemployment claims are fewer, expect a …
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