The general trend is ascendant. The descendant wave structure is truncated. Awesome Oscillator indicates bullish divergence. The pivot 2 of the wave C of the descendant structure of level H2 is breached.
Trading idea:
Buy when level 0.9602 is breached.
Stop-loss: 0.9520.
Target levels: 0.9690; 0.9980.
News of the day, Friday, June 24
European stock futures were up today, boosted by the previous Wall Street rally. The DAX futures climbed 0.6%, CAC 40 futures rose 1.1%, and the FTSE 100 futures were up 0.7%.
The U.S. dollar slipped today amid global inflation worries. The Dollar index …
The EUR/USD pair was unable to stabilize above the resistance level at 1.0550, and bounced down to near the main support 1.0475, then returned to rise with today's trading, under the positive influence of the moving average 50, which pushed the price to rise. Also, the stochastic indicator is positive. …
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