The overall trend is downward. The 164.0 resistance level is holding back buyers. A bearish divergence has formed on Awesome Oscillator, and Stochastic Oscillator signals overboughtness. A breakout of 154.50 will result in the formation of a 1-2-3 descending pattern within the overall downtrend.
Trading recommendations:
Sell below 154.50. …
The observed local rebound in the European stock markets and the high likelihood that the same will happen in the US are supporting the pair. Due to the high volatility and large-scale stimulus measures by the Fed and the US Treasury Department, the demand for risk assets will gradually …
The pair is trading higher amid the growing demand for risk assets, as well as the massive support measures (QE) from the Fed and the US Treasury. But today the pair may correct downwards due to the correction in the stock markets and then continue the upward trend.
The …
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