The descending M30 level pattern is truncated. A bullish divergence has formed on Awesome Oscillator, while a Stochastic Oscillator signals an oversold condition. A breakout of the round secondary level of 1.2980 will result in the formation of an ascending wave pattern.
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Trading recommendations:
Buy above 1.2980.
Stop Loss: 1.2912.
Target levels: 1.3049; 1.3130.