EUR/GBP Trading Analysis (27/06/2024)
The trend is ascending. The currency pair is trading within the 365-135 EMA range. The downward wave structure is truncated. There is bullish divergence on the Awesome Oscillator and the Stochastic Oscillator indicates an oversold state.
Trade idea:
- Buy when the ascending wave structure begins forming and wave A breaches the sloping channel of the truncated descending structure.
- Stop-loss at 0.8508.
- Price targets are 0.8559 and 0.8574.
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