Stock markets show a confident recovery after the strong fall. The overall trend is upward. At the end of the trading session, the "hammer" reversal pattern has formed. Stochastic Oscillator signals oversoldness.
Trading recommendations:
Buy above 1415.0.
Stop loss: 1405.60.
Target levels: 1423.0; 1440.0.
The currency pair is trading in the range of 365 and 135 moving averages. A bullish divergence has formed on Awesome Oscillator, while Stochastic Oscillator signals oversoldness. A breakout of 1.0770 will result in the formation of an ascending pattern of 1-2-3.
Trading reccomendations:
Buy above 1.0770.
Stop loss: …
The pair is above 1.1345, after Thursday’s surge folowing the ECB's monetary policy meeting and the regulator’s unexpected decision to expand the stimulus measures by almost 2.5 times. If today’s US employment data is better than expected, this may lead to a local decline of the pair, likely to …
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