The EUR/USD pair achieved the equation of 1 dollar = 1 euro, which is the first time in the history of the common European currency since its inception. The pair breached the 1.0000 level yesterday, to bounce back and settle slightly near the 1.0040 level.
The price is likely to …
#NESN
The general trend is descendant. The share is traded between 365 and 135 EMA. The ascendant five-wave structure has finished breaching the inclined channel. Awesome Oscillator indicates bearish divergence, and Stochastic Oscillator signals overbought conditions.
Trading idea:
Sell when the descendant wave structure forms.
Stop-loss is over the 115.58 …
The descendant wave structures are truncated. Awesome Oscillator indicates bullish divergence, and Stochastic Oscillator signals oversold conditions.
Trading idea:
Buy when the ascendant wave structure forms, where the wave (A) breaches through the inclined channel of the descendant truncated structure.
Stop-loss is under the local minimum of the descendant structure. …
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