The overall trend for the currency pair is downward, as evidenced by the 365 and 135 moving averages. The movings are directed downwards on the daily timeframe 5 and 22, and the currency pair is trading in the range of moving averages. A bearish divergence has formed on the Awesome Oscillator indicator, while the Stochastic Oscillator indicator signals oversoldness.
Trading recommendations:
Sell while the descending structure is forming, where the wave (AU) breaks through the inclined channel of the ascending structure, completing it.
Stop Loss-1.6140.
Target levels - 1.6020; 1.5980; 1.5900.