The pound against the dollar is back to test the resistance level 1.2590 again after it bounced off the support level 1.2470 during yesterday's trading. We note that the resistance level is standing up to the price's attempts to test it and pressure the price to return to the decline. …
The EURUSD pair continues to move sideways between the levels 1.0645 and 1.0750. Yesterday, it rebounded from the resistance level at 1.0750, and reached the support at 1.0645, to return to the upside again.
The moving averages form the first resistance levels near the 1.0700 area and are trying to …
#MC
The general trend is descendant. The ascendant wave structure is truncated. Awesome Oscillator indicates bearish divergence, and Stochastic Oscillator signals overbought conditions. The inclined channel of the ascendant truncated structure is breached.
Trading idea:
Sell when level 598.00 is breached.
Stop-loss: 621.00.
Target levels: 571.00; 543.92.
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