The currency pair is trading in the upper bound of the main descending price channel and the lower bound of the internal ascending price channel. The price is also in the range of 365 and 135 moving averages directed downward. A breakthrough in the round secondary level of 1.6920 …
The pair is in a narrow range of 1.3500-1.3665. It’s likely to decline today amid rising oil prices and improving market sentiment, which is reflected in increased demand for risky assets.
Technical side:
The price is above the middle Bollinger band, below SMA 5, but above SMA 14. RSI …
The stock is trading in the range of the lower border of the ascending (green line) price channel and the upper border of the internal (red line) price channel. Stochastic Oscillator indicator signals oversoldness.
Trading recommendations:
Buy while an ascending 1-2-3 pattern if forming, where the first wave breaks …
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