The currency pair is trading in the range of the 1.7120 resistance level. Awesome Oscillator shows a bearish divergence, while Stochastic Oscillator signals overboughtness. A breakout of the round intermediate level of 1.7050 will result in the formation of a descending pattern of 1-2-3.
Trading recommendations:
Sell below 1.7050 …
If the Fed’s meeting results in a decision to preserve the soft monetary policy aimed at the recovery of the national economy, and Jerome Powell confirms it at the press conference, expect the US dollar to resume decline.
Technical side:
The price is above the middle Bollinger band, above …
The overall trend is upward. The stock is trading in the range of the lower border of the ascending price channel. A descending wave pattern ("red") has formed, an inclined channel has also formed along it.
Trading recommendations:
Buy when an ascending wave pattern is formed, where the wave …
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