The EUR/USD pair is fluctuating sideways between the 1.0170 support and the 1.0250 resistance, which is returned and tested yesterday.
The breach of the resistance level 1.0250 is necessary to complete the bullish rebound that started a week ago, and the next target will be the level of 1.0340.
But …
#ABC
The general trend is ascendant. The descendant wave structure is truncated. Awesome Oscillator indicates bullish divergence, and Stochastic Oscillator signals oversold conditions. The inclined channel of the truncated structure is breached.
Trading idea:
Buy when level 143.40 is breached.
Stop-loss: 136.00.
Target levels: 150.00; 164.20.
The general trend is descendant. The ascendant wave structure is truncated. Awesome Oscillator indicates bearish divergence, and Stochastic Oscillator signals overbought conditions.
Trading idea:
Sell when the descendant wave structure forms, where the wave (A) breaches through the inclined channel of the ascendant truncated structure.
Stop-loss: 0.8933.
Target levels: 0.8820; …
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