The pair is consolidating above the level of 1.1120 in anticipation of the ECB monetary policy meeting. If the bank or Mario Draghi reports any details on the stimulus measures, it may put limited pressure on the euro.
The price is below the middle Bollinger band, above SMA 5 and …
A hammer reversal pattern formed on the H4 timeframe from the support level of 101.00. Bullish divergence has formed on Awesome Oscillator indicator,and Stochastic Oscillator indicator showed the intersection of moving averages in the oversold range. Breaking through 103.08 will result the formation of an upward pattern 123.
Trading recommendations: …
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