The currency pair is trading in the range of a descending price channel. At the same time, the support level of 1.9074 holds back sellers, Awesome Oscillator indicator shows a bullish divergence, and Stochastic Oscillator moving indicators showed an exit from the oversold zone and are directed upwards.
Trading recommendations:
Buy when an ascending pattern 1-2-3 is formed, where wave 1 breaks through the upper border of the descending price channel.
Stop Loss below the support level of 1.9074.
Target levels: 1.9400; 1.9620.
