The currency pair is trading in the range of 365 and 135 moving averages directed upwards. A bullish divergence has formed on Awesome Oscillator, and Stochastic Oscillator indicates an oversold condition.
monitor the price movement in real time.
Trading recommendations:
Buy when an ascending wave pattern …
The pair is trading above 1.3200 amid the rising demand for risk assets and the weaker US dollar. Investors believe that the Biden presidency and the vaccine will quickly restore the precrisis levels. Against this backdrop, the demand for safe haven assets, including the US dollar, is dropping.
Technical …
The price pivot zone of 459.00 deters sellers. Awesome Oscillator indicator shows a bullish divergence. Breaking through the resistance level of 497.0 will result in the formation of an ascending pattern of 1-2-3.
monitor the price movement in real time.
Trading recommendations:
Buy on breakout of …
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