The overall trend is upward. The currency pair is trading in the range of 365 and 135 moving averages. A bullish divergence has formed on Awesome Oscillator. A breakout of 0.7300 will result in the formation of an H1 level ascending pattern within the overall uptrend.
#HYDR
The 0.7150 support level is holding back sellers. The stock is trading in the range of 365 and 135 moving averages directed upwards. Stochastic Oscillator indicates an oversold condition. The Wedge pattern has formed.
Trading recommendations:
Buy when an ascending pattern 1-2-3 is formed.
Stop Loss under the support …
Monday, September 7th, today’s news—European markets recover after the last week's losses, Thursday's ECB meeting in focus. Gold is up on the negative US jobs data, the dollar is rising, Saudi Arabia cuts oil prices amid the weak demand in Asia. The price of Brent oil is $42.02, WTI—$39.14. EUR/USD …
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