EUR/USD Trading Analysis (19/02/2024)

The trend is descending. The uptrend wave structures are truncated. The currency pair is traded in the range between 365 and 135 ЕМА. There is a bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold state.

Trading idea:

Sell at the formation of the descending wave structure, when the A-wave breaches the 1.07704 (pivot 2 of the truncated structure).

Stop-Loss at 1.0789.

Target price levels at 1.0732 and 1.0700.

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