The euro against the dollar continues its bearish movement, as it managed to break the support level 1.0475 and settled below it, and the next target will be the level of 1.0330, which is the lowest value of the euro against the dollar in its history.
The moving averages form …
The general trend is ascendant. The descendant truncated wave structure has finished breaching the inclined channel. Awesome Oscillator indicates bullish divergence, and Stochastic Oscillator signals oversold conditions.
Trading idea:
Buy when level 93.55 is breached.
Stop-loss: 92.38.
Target levels: 95.00; 96.40.
News of the day, Tuesday, June 14
The U.S. dollar edged lower today, remaining near a 20-year high. The Dollar index traded 0.1% lower at 104.890.
Oil prices increased about $1 today due to tight global supply. WTI crude rose 0.8%, and Brent crude increased 0.9%.
Bitcoin fell 14% yesterday …
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