EUR/GBP Trading Analysis (22/08/2024)
The trend is upward. The currency pair is trading in a range between 365 and 135 ЕМА. The descending wave structures are truncated. the inner truncated wave structure finished with the breach of the sloping 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 0.8522.
- Stop-loss at 0.8507.
- Price targets at 0.8540 and 0.8565.
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