The US dollar fluctuated in a narrow range tilted to the upside during the Asian session, to witness its bounce to the fifth session in seven sessions from the lowest since early April, when it tested the lowest since 18 March against the Japanese yen, after the economic data that …
The pair remains under pressure in anticipation of the final EU economic support decision. If no effective support measures are taken, expect the further decline of the pair.
Technical side:
The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is below the 50% …
The 1.8290 resistance level is holding back buyers. A bearish divergence has formed on Awesome Oscillator and Stochastic Oscillator. The ascending truncated H1 level pattern was completed by breaking through the inclined channel.
Trading recommendations:
Sell while a descending structure is forming below 1.8063.
Stop loss: 1.8290.
Target levels: …
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