The resistance level of 1.1091 continues to hold back buyers. The upward corrective pattern has ended. The breakout of 1.1052 will result in the formation of a descending pattern within the wave (C) of the descending pattern of the D1 level. The Stochastic Oscillator indicator signals overboughtness. Since the swap …
The resistance level of 58.77 continues to hold back buyers. A bearish divergence has formed on the Awesome Oscillator indicator, and the Stochastic Oscillator indicates high overboughtness.
Trading recommendations:
Sell at the breakout of the pivot zone 57.38.
A Stop Loss of 58.77.
Target levels - 55.60; 53.31.
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