Daily reviews

The pair is trading just below the strong resistance level of 0.7170 in anticipation of the Fed’s monetary policy decision along with Jerome Powell's statement. If Powell focuses on stimulus and hopes of a steady economic recovery by the end of the year like the rest of the Fed, …

The overall trend is upward. The currency pair is trading in the range of 365 and 135 moving averages. The support level of 74.86 is holding back sellers. A breakout of 74.41 will result in the formation of an ascending wave M15 level pattern within the wave C an …