EUR/GBP Trading Analysis (17/05/2024)

The trend is ascending. The currency pair is traded in the range between 365 and 135 ЕМА. The downward truncated wave structure finished with the breach of the sloping channel. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold state.

Trading idea:

Buy at the breach of 0.85804.

Stop-Loss at 0.85680.

Target price levels at 0.85919 and 0.86083.

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