A multi-candle reversal pattern "inverted head and shoulders” has formed on the H4 timeframe. A bullish divergence formed at the top of the "head". If the neckline is breached, an ascending wave pattern will form within the ascending price channel.
: monitor the price movement in …
The pair rose following the EU economic recovery deal, as well as due to the weaker dollar amid the growing demand for risk assets.
Technical side:
The price is above the middle the Bollinger band, above SMA 5 and SMA 14. RSI is located in the overbought zone and …
The resistance level of 114.65 is holding back the bulls. Awesome Oscillator indicates a bearish divergence, while Stochastic Oscillator indicator an overbought condition. At the moment, the ascending D1 level pattern and the internal pattern of the H2 level are truncated.
: monitor the price movement …
Don't have your language?
