The EUR/USD pair started moving upwards and managed to breach the resistance level at 1.0550 and settled above it. Therefore, it is moving positively today towards the level of 1.0645, which is the next target for the current bullish movement.
The moving averages support the price to complete the ascending …
#OR
The general trend is ascendant. Descendant wave structures are truncated. Awesome Oscillator indicates bullish divergence. The support level 301.00 restrained sellers.
Trading idea:
Buy when the ascendant wave structure forms, where the wave (A) breaches through the inclined channel of the descendant truncated structure.
Stop-loss: 301.00.
Target levels: 375.00; …
The general trend is ascendant. Bears have tested the moving average 200 at the level 0.9690. Stochastic Oscillator indicates oversold conditions.
Trading idea:
Buy when the candle closes above 0.9730. (Close above the last impulse bearish candle at H1)
Stop-loss: 0.9690.
Target levels: 0.9850; 0.9973.
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