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A multi-candle reversal pattern "inverted head and shoulders” has formed on the H4 timeframe. A bullish divergence formed at the top of the "head". If the neckline is breached, an ascending wave pattern will form within the ascending price channel.

: monitor the price movement in …

The pair rose following the EU economic recovery deal, as well as due to the weaker dollar amid the growing demand for risk assets.

Technical side:

The price is above the middle the Bollinger band, above SMA 5 and SMA 14. RSI is located in the overbought zone and …