The pair is turning down, despite the resumption of the fall in crude oil prices. The market's focus is on the Fed's two-day monetary policy meeting, which begins on Tuesday and ends on Wednesday with the regulator's decision on rates. Don’t expect any new statements from Jerome Powell in …
The price pivot zone of 0.6958 holds back buyers. Stochastic Oscillator signals overboughtness. Breaking through the price pivot zone of 0.6890 will result in the formation of a descending H1 level pattern within the wave C of the descending H8 level pattern.
Trading recommendations:
Sell below 0.6890.
Stop loss: …
The price pivot zone of 212.20 deters buyers. The ascending wave pattern is truncated. A bearish divergence has also formed on MACD.
Trading recommendations:
Sell while a descending wave pattern is forming, where wave A breaks through the inclined channel of an ascending pattern, completing it.
Stop loss beyond …
Don't have your language?
