The ascendant wave structures are 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.
Target levels: 1.2859; 1.2550.
News of the day, Thursday, 16 June
The U.S. Federal Reserve raised rates by 0.75% to 1.75%, which is the largest rate hike since 1994.
Asian shares fell following the Fed’s decision, with Hang Seng down 1.31% and MSCI’s broadest index of Asia-Pacific shares outside Japan down 0.46%.
Oil prices …
The euro against the dollar was unable to break the resistance level 1.0475, as the bullish correction stopped near this level and then rebounded strongly and approached the main support level 1.0330. The price is likely to test it during the upcoming sessions and try to break it and reach …
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