The pair is consolidating below 1.1850. It may rise amid increased demand for risk assets, as it may be stimulated by the results of the Fed’s monetary policy meeting to be held this week.
Technical side:
The price is above the middle Bollinger band, above SMA 5 and SMA …
The overall trend is upward. The 0.6600 support level is holding back sellers. A descending truncated pattern has formed. Awesome Oscillator indicates a bullish divergence. A breakout of the price pivot zone of 0.6641 will result in the formation of an ascending wave H1 level pattern within the general …
The overall trend is upward. The 262.0 support level is holding back sellers. Awesome Oscillator indicates a bullish divergence, while Stochastic Oscillator signals an oversold condition.
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Trading recommendations:
Buy when an ascending wave pattern is formed, where the wave …
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