EUR/USD Trading Analysis (31/07/2024)
The moving average of the RSI indicator rebounded from the oversold level of 30 on the H4 timeframe. The downward truncated wave structure ended with the breach of the sloping channel. There is a bullish divergence on the Awesome Oscillator.
Trading idea:
- Buy at the breach of 1.0830.
- Stop-loss at 1.0797.
- Price levels at 1.0866 and 1.0900.
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