EUR/USD Trading Analysis (25/04/2024)
The trend is descending. The currency pair is traded in the range between 365 and 135 ЕМА. There is bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator shows the overbought state.
Trading idea:
Sell when the formation of the descending wave structure begins, when the wave A breaches the sloping channel of the ascending truncated structure.
Stop-Loss over the local maximum of the ascending structure at 1.0715.
Target price levels at 1.0680 and 1.0615.
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