The medium-term trend is downward. The pair is trading in the rage of 365 and 135 moving averages directed downwardly. The ascending H1 level pattern has been formed, that can be a wave (B) of a descending H4 level pattern. Awesome Oscillator indicates a Bearish divergence, and Stochastic Oscillator …
The support level at 359.50 held back sellers. Breaking through the price pivot zone of 369.10 will let the 1-2-3 ascending pattern to be formed. Stochastic Oscillator signals oversoldness.
Trading recommendations:
Buy after the price pivot zone 369.10 is broken.
Stop loss: under the support level at 359.50.
Target …
The pair price is correcting down amid the US Fed’s decision on Monday to expand its support of the national economy. It is one more important reason for the weaker US dollar. Also, the pair may go down if oil prices don’t turn down.
Technical side:
The price is under …
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