EUR/GBP Trading Analysis (14/08/2025)
Bears are testing the support level of 0.8610. The descending wave structure has been truncated. There is bullish divergence on the Awesome Oscillator and an overbought condition on the Stochastic Oscillator.
Trade idea:
- Buy when the ascending wave structure begins forming and wave A breaches the sloping channel of the truncated descending structure..
- Stop-loss at 0.8610.
- Price targets are 0.8650 and 0.8680.
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