The euro against the dollar pair opened today's trading positively, as it was based on the support level 1.0475, and it shot up and is approaching the first resistance level near the EMA50, with the aim to reach the level of 1.0560.
The previous movement comes under the positive influence …
The pound sterling against the dollar opened today's trading positively, as it bounced off the 1.2190 support and is trying to rise towards the EMA50, which is the first target to rise and its breach will enhance the opportunity to continue the bullish movement, which started with the price's rebound …
The support level 1.3076 restrained buyers. The ascendant wave structure is truncated. Awesome Oscillator indicates bearish divergence, and Stochastic Oscillator signals overbought conditions.
Trading idea:
Sell when the descendant wave structure forms, where the wave (A) breaches through the inclined channel of the ascendant truncated structure.
Stop-loss: 1.3076.
Target levels: 1.2859; …
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