The currency pair is trading in the range of 365 and 135 moving averages. Stochastic Oscillator indicator showed an exit from the overbought zone and is directed downwards. Breaking through the support level 0.6270 will result in the formation of a descending structure of the M15 level within the descending wave from the H2 level.
Trading recommendations:
Sell Below 0.6270.
Stop Loss – 0.6300.
Target levels – 0.6250; 0.6200.