Futures contracts for prices fluctuated in a narrow range that tends to rise during the Asian session, overlooking the positive stability of the US dollar index according to the inverse relationship between them following developments and economic data that they followed on the Chinese economy, the largest consumer of minerals …
The overall trend is upward. Awesome Oscillator indicates bullish divergence. A start fractal has formed above the 135 moving average. A breakout of the start fractal will result in the formation of a 1-2-3 ascending pattern.
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Trading recommendations:
Buy …
The pair consolidates above 1.1700 ahead of today’s speeches by the ECB’s head Christine Lagarde and the Fed’s head Jerome Powell. From a technical point of view, the pair is hovering over a strong support level of 1.1700, once below, it will enter a local decline.
Technical side:
The …
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