The EURUSD pair started a rebound to the upside and approached the resistance level 1.0475 in an attempt to correct the downside path. But it is facing negative pressures at the mentioned resistance represented by the EMA50, which is moving with the upper line of the descending channel and near …
The general trend is descendant. The currency pair is traded between 365 and 135 moving averages. The ascendant wave structure of the H2 level is truncated at the moment. Awesome Oscillator indicates bearish divergence, and Stochastic Oscillator signals overbought conditions.
Trading idea:
Sell when the descendant wave structure forms, where …
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