The support level of 47.00 remains unbroken. Bullish divergence has formed on Awesome Oscillator. Stochastic Oscillator indicates oversold conditions. A breakout of 48.93 will result in the formation of an upward 1-2-3 pattern.
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Trading recommendations:
Buy on the breakout …
Analytics based on round levels, price channels and modified wave analysis.
The round minor level 1.7520 is holding back sellers. A descending truncated pattern has formed. Bullish divergence has formed on Awesome Oscillator, while the moving averages of Stochastic Oscillator have left the oversold zone.
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The pair found support at 1.1620 amid a surge in demand for risk assets on Monday following the release of strong manufacturing data in Germany and the eurozone. In addition, the market believes that Joe Biden is likely to win, who is perceived by investors as the more convenient …
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