The euro fluctuated in a narrow range slanting toward decline, to witness the lowest level since January 29 against the dollar, on the threshold of economic developments and data expected today, Thursday, by the economies of the euro area and the US economy, which includes the certificate of the European …
The support level of 224.70 held back sellers. Breaking 235.64 will result in the formation of an upward pattern 123. Awesome Oscillator indicator shows a bullish divergence, and the Stochastic Oscillator signals oversoldness.
Trading recommendations:
Buy above 235.64.
Stop loss – 224.70.
Target levels: 244.80; 256.56; 261.70.
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