The descending M30 level pattern is truncated. A bullish divergence has formed on Awesome Oscillator, while a Stochastic Oscillator signals an oversold condition. A breakout of the round secondary level of 1.2980 will result in the formation of an ascending wave pattern.
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The pair is trading above 1.1730 in anticipation of the US presidential election result, as well as the Fed’s monetary policy meeting. The pair will be supported by the final election results and the Fed’s soft monetary policy.
Technical side:
The price is located above the middle Bollinger band, …
The stock is trading in the range of 365 and 135 moving averages directed upwards. The descending pattern is truncated. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator indicates an oversold condition.
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Trading recommendations:
Buy when an ascending …
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