Analysis based on round-number levels, price channels and modified Elliot Waves
A descending truncated H2 level pattern is forming, probably a wave (B) of the ascending H8 level pattern. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator indicates an oversold condition.
monitor the price movement …
The pair is consolidating in a narrow range, as a public holiday, Independence Day, is observed in the US. Low market activity is expected today.
Technical side:
The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is below 50% and is moving horizontally. …
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