The US economy is recovering from a severe fall caused by the pandemic.
The price pivot zone of 46.67 holds back buyers, if the price fixes above it, there will be an opportunity for further growth. Stochastic Oscillator moving indicators showed an exit from the oversold zone and are …
The pair dropped below the strong support level of 1.3860, where it has been trading recently. The increase in crude oil prices amid the renewed economic activity as countries lift lockdowns supports the demand for risk assets and crude oil, while pressuring the US dollar.
Technical side:
The price …
A false breakdown has formed. Awesome Oscillator shows a bearish divergence, while Stochastic Oscillator showed an exit from the overbought zone. Breaking through the support level of 1.1894 will result in the formation of a 1-2-3 descending pattern.
Trading recommendations:
Sell below 1.1894.
Stop loss: 1.1960.
Target levels: 1.1852; …
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