The overall trend is upward. The currency pair is trading in the range of 365 and 135 moving averages. Awesome Oscillator indicates a bullish divergence. A breakout of the price pivot zone of 1.6476 will result in the formation of an ascending wave H1 level pattern within the wave …
The pair is consolidating, forming a "rising flag" pattern, which can be finished by a price surge. Despite the local strengthening, the US dollar is still fundamentally weak against the euro.
Technical side:
The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is …
CCI shows a breakout of the level of 100, followed by an assumed correction to the range of the price pivot zone 78.90. Buy after the correction pattern is completed by an ascending wave pattern.
: monitor the price movement in real time.
Trading recommendations:
Buy …
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