The overall trend is downward. The resistance level of 0.5963 is holding back buyers. A breakout of the support level of 0.5830 will result in the formation of a descending 1-2-3 pattern within the overall downtrend. Also, sell below 135 EMA.
Trading recommendations:
Sell below 0.5830.
Stop loss: 0.5963. …
The 75.50 support level is holding back sellers. Bullish divergence has formed on Awesome Oscillator, and Stochastic Oscillator signals oversoldness.
Trading recommendations:
Buy while an ascending 1-2-3 pattern is forming.
Stop Loss at the local minimum (75.50).
Target levels: 81.00; 85.00; 90.50.
monitor the movement …
The US dollar fluctuated in a narrow range tilted to the upside during the Asian session, to witness its bounce for the second session from the lowest since March 18, and to promise to resume its weekly gains that were suspended last week for the first time in three weeks …
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