The support level of 5261.0 held back sellers. Stochastic Oscillator indicator showed an exit from the oversold zone. Breaking through the resistance level 5345.0 will give the formation of an upward pattern 123.
Trading recommendations:
Buy above 5345.0
Stop loss – 5261.0.
Target levels – 5434.0; 5554.0; 5700.0.
The pair met a strong resistance level amid better outlook for compromise in the US-China trade talks.
The price is above the middle Bollinger band, above SMA 5 and SMA 14. RSI is above the level of 50% and indicates a weakening of growth. Stoch are uninformative in the overbought …
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