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The resistance level of 126.25 actively holds back buyers. A bearish divergence has formed on Awesome Oscillator indicator, while Stochastic Oscillator indicator signals overboughtness.

Trading recommendations:

Sell below 125.30.

Stop loss under the resistance level 126.25.

Target levels-123.10; 120.00.

Stochastic Oscillator indicator signals overboughtness, while a bearish divergence formed on Awesome Oscillator. The currency pair is trading in the range of 365 and 135 moving averages directed downwards. The upward movement is probably a wave (B) forming an H8 level downward pattern. The formation of the descending wave pattern …