EURUSD
The pair remains within the “rising flag” pattern for now. It is likely to test 1.1790. One negative factor is the weak new jobs data from ADP, another is the low inflation, which may force the ECB to come up with something new to stimulate the growth of inflation …
USDCHF
The overall trend is downward. A bearish divergence is forming on Awesome Oscillator, and Stochastic Oscillator showed an exit from the overbought zone.
Trading recommendations:
Buy when a 1-2-3 downtrend pattern is formed, where wave 1 breaks the inclined channel of the downward pattern.
Stop Loss beyond the local …
Wednesday, September 2nd, today’s news—weak eurozone data, negative inflation, low retail sales in Germany. Despite this, European shares are rising following a strong Wall Street session, Dow futures are up nearly 100 points, oil and Treasury yields are rising. The price of Brent oil is $45.67, WTI—$42.92. EUR/USD is at …
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