The resistance level of 0.8572 held back the bulls. A bearish divergence has formed on Awesome Oscillator. Breaking through the support level of 0.8485 will result in the formation of a 1-2-3 descending pattern.
Trading recommendations:
Sell when a 1-2-3 descending pattern is formed, below 0.8485.
Stop loss: 0.8572. …
The pair is consolidating above the strong support level of 1.0985. Expect the price to continue to increase despite a possible slight correction, as investors move away from dollar assets and start buying risk assets more actively, including those denominated in euros.
Technical side:
The price is above the …
The US dollar fluctuated in a narrow range slanting back down during the Asian session, to witness its bounce for the fourth session in seven sessions from the top since April 13 against the Japanese yen amid the scarcity of economic data by the Japanese economy and on the cusp …
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