Analysis of currency pairs based on modified Elliott waves, Fibonacci retracement, and price channels
The overall trend is upward. H8 and H2 level descending patterns are truncated. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator indicates an oversold condition.
EURRUB rate online: monitor the price movement in real time.
Trading idea:
Buy on the formation of an ascending wave pattern, where the wave (A) breaches the inclined channel of the descending truncated H2 level pattern.
Stop Loss: 89.18.
Target levels: 90.20 (round secondary level); 91.20; 92.50.