The currency pair is traded inside the lower border span of the descendant price channel. The descendant wave structure is truncated, and Awesome Oscillator indicates bullish divergence.
Trading idea:
Buy when the ascendant wave structure forms, where the wave (A) breaches through the inclined channel of the descendant truncated structure. …
News of the day, Wednesday, June 1
European stocks increased today despite worries about the region’s economic growth concerns. The DAX of Germany traded 0.6% higher, the CAC 40 in France increased by 0.4%, and the U.K.’s FTSE 100 edged 0.2%.
The USD edged higher today driven by the Treasury …
Gold succeeded in breaking the support level of 1845.00 and reached the next target at the value of 1835.00, thus opening the way for more decline and an attempt to reach the next target at the level of 1827.20. Thus, gold ends the sideways path that it has been moving …
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