Analysis based on round-number levels, price channels and modified Elliot Waves
EURUSD
The overall movement of the currency pair is downward. The pair is trading in the range of 135 and 365 moving averages. Fractal Start formed below 135ЕМА. A break of the fractal start will result in a movement in the downward level H1 pattern within the wave (C) of the downward H8 level pattern.
Trading recommendations:
Sell Below 1.1015.
Stop Loss 1.1060.
Target levels — 1.0980 (transfer to break-even after the ½ of the order closes); 1.0930.
