The single currency fluctuated the euro in a narrow range slanting back down during the Asian session to witness its bounce for the second consecutive session from the top since the beginning of April this year against the US dollar on the threshold of economic developments and data expected today …
The Australian dollar fell during the Asian session to witness its bounce to the third session from its top since last March 12 against the US dollar after the developments and economic data that it had reported on the Australian economy and on the cusp of developments and economic data …
The 129.00 resistance level is holding back the bulls. Stochastic Oscillator signals overboughtness. Breaking through the support level of 113.60 will result in the formation of a 1-2-3 descending pattern.
Trading recommendations:
Sell below 113.60.
Stop loss: 129.00.
Target: 91.00.
monitor the movement of the …
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