The euro against the dollar pair achieved its initial goals, as it reached the lower line of the ascending channel within which it is moving, by correcting the bullish path after it previously reached its target at the upper line of the channel. Thus, it continues the upward movement within …
The ascendant wave structures are truncated. Awesome Oscillator indicates bearish divergence and Stochastic Oscillator signals overbought conditions. The support level 132.69 restrains buyers.
Trading idea:
Sell when the descendant wave structure forms, where the wave (A) breaches through the inclined channel of the ascendant wave structure.
Stop-loss is over the …
News of the day, Wednesday, 25 May
Asian stocks rose today despite central banks’ intent to increase interest rates and global worries about slower economic growth. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.72%, while Japan’s Nikkei 225 slipped 0.04%.
The dollar index strengthened after achieving the lowest …
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