The pair has formed a «descending flag» trend pattern and broke out of it. The weaker US dollar along with the coming ECB support measures for the European economy stimulate the pair's growth.
Technical side:
The price is located above the middle Bollinger band, above SMA 5 and SMA …
Thursday, December 10th, today’s news—global stocks take a pause, lack of progress in Brexit and the US stimulus weighs on the markets. The UK PM Boris Johnson and the President of the European Commission Ursula von der Leyen set Sunday as the talks deadline, the UK GBP growth slows to …
#BMW
The overall trend is upward. The descending pattern of the H1 level is truncated. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator signals an oversold condition.
Trading recommendations:
Buy when an ascending wave pattern is formed, where the wave (aC) breaks through the inclined channel of the descending …
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