Price pivot zone 28.66 holds back buyers. A bearish divergence has formed on Awesome Oscillator, and Stochastic Oscillator signals overboughtness. A break of the support level of 27.40 will result in the formation of a downward 1-2-3 pattern.
Trading recommendations:
Sell below 27.40.
Stop loss:28.66.
Target levels: 26.43; 25.47; …
The pair is turning down due to the rising crude oil prices after Wednesday’s sell-off. The positive dynamics of futures for major stock indices in Europe and the US also puts pressure on the pair. If this positive sentiment persists, while today’s US unemployment claims are fewer, expect a …
The US dollar rose during the Asian session to witness its bounce for the second consecutive session from its highest since early April, when it tested the lowest since March 18 against the Japanese yen amid the scarcity of economic data by the Japanese economy and on the cusp of …
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