The overall trend is upward. The descending truncated H4 level pattern ended with the breakout of an inclined channel. Bullish divergence has formed on Awesome Oscillator. Breaking through the round secondary level 1.2520 will result in the formation of an ascending wave pattern within the ascending H12 level pattern …
The pair turned up amid optimistic news as Gilead reports successful coronavirus drug Remdesivir trial in Chicago with 125 patients. This stimulated the demand for risk assets in Asia, and the same was observed at the opening of trading in Europe. That positive sentiment will push the pair to …
A round intermediate level of 1.2150 holds back the bulls. A bearish divergence has formed on Awesome Oscillator, and Stochastic Oscillator signals overboughtness. The inclined channel of the ascending pattern is broken through presumably by the first wave of the forming pattern 1-2-3.
Trading recommendations:
Sell while a pattern …
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