A “hammer” reversal pattern with a false breakout has formed on the daily chart. Bullish histogram bars have formed on Awesome Oscillator, and Stochastic Oscillator indicates an oversold condition.
: monitor the price movement in real time.
Trading recommendations:
Buy when an ascending wave pattern is …
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 …
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