The currency pair is trading in the range of 135 and 365 moving averages. The overall movement is upward. The downward construction ended with the breakthrough of the inclined channel. The breakout of 109.62 will result the formation of an H1 level ascending structure within the ascending wave (C) of …
The support level of 102.50 continues to hold back sellers. A hummer reversal pattern formed from this level, and Awesome Oscillator indicator shows bullish divergence. The completion of the descending pattern will provide an opportunity for further growth of the company's value.
Trading recommendations:
Buy while an ascending structure is …
The pair is trading above 1.1085, remaining under pressure caused by the expected pause in the interest rate cut by the Fed and, on the other hand, the expansion of the economic stimulus measures by the ECB with the appointment of a the new president Christine Lagarde.
The price is …
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