Analysis based on round-number levels, price channels and modified Elliot Waves
The overall movement of the currency pair is upward. The downward patterd ended with the breakout of the inclined channel. A level M30 ascending pattern is formed within the main ascending pattern. Bullish divergence has formed on Awesome Oscillator.
Trading recommendations:
Buy above the round intermediate level of 0.9950 (as a level M30 ascending pattern is forming).
Stop Loss under the round important level 0.9900 (under the construction base).
Target levels — 1.0020 (trap for professionals and round secondary level); 1.0090 (138.2% Fibo from A H12 wave).