The 0.9700 support level is holding back sellers. A descending truncated pattern has formed, which may be a wave B of an ascending pattern of a larger wave level. Stochastic Oscillator signals oversoldness.
Trading recommendations:
Buy while an ascending pattern is forming, where wave A breaks through the inclined …
The Australian dollar pair is trading against the US dollar when supporting the main bullish channel that appears in the picture, and gets continuous positive support from the EMA50, which supports the chances of resuming the main bullish trend, whose next target is located at 0.6685.
Consequently, we will maintain …
The single currency fluctuated the euro in a narrow range slanting toward decline, to witness its bounce for the third consecutive session from the top since the beginning of May when it tested the highest since early April against the US dollar on the cusp of developments and economic data …
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