25.06.2024
The trend is down. The pair is trading in a range between 365 and 135 EMA. The ascending truncated wave structure ended with the breach of the descending channel. There is a bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals an overbought condition.
Trading idea:
Buy at the breach of 0.6528.
Stop-loss at 0.6550.
Target price levels at 0.6500 and 0.6450.
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