The overall trend is downward. The support level of 136.50 is holding back sellers. Breaking through the level will result in the formation of a descending pattern 123. The moving averages of Stochastic Oscillator indicator have crossed and are located near the overbought zone.
Trading recommendations:
Sell below 136.50.
Stop …
The pair is consolidating above 1.0780 in anticipation of data on production indicators and consumer inflation in Germany and the eurozone, as well as in the US. If the overall values are weaker than expected in Germany and the eurozone, and at least at the predicted level in the US, …
The fluctuation of the US dollar in a narrow range slanted toward decline during the Asian session to witness its bounce for the second session from the top since the beginning of the 25th of last April against the Japanese yen, following the developments and economic data that it followed …
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