The pair is correcting down amid a strong local overbought condition ahead of the Fed's monetary policy meeting. It may decline further today before receiving a new impetus for growth.
Technical side:
The price is above the middle Bollinger band, above SMA 5 and SMA 14. RSI is coming …
The support level of 168.80 is holding back sellers. A multi-candle “bullish pennant” figure has formed on the chart. Stochastic Oscillator indicates an oversold condition, and Awesome Oscillator indicates a bullish divergence.
monitor the price movement in real time.
Trading recommendations:
Buy when the …
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