The pair is still trading in the range of 1.4100-1.4220. But there is a high probability of its exit from it down on the background of a speech this weekend by Janet Yellen, the US Treasury Secretary, who expressed a desire for higher interest rates by the end of …
#D
The trend is upward. The downward pattern ended with the breakout of the inclined channel. The Stochastic Oscillator signals oversold conditions. The breakout of 77.25 will result in the formation of an ascending pattern within the C wave.
Trading idea:
Buy on the breakout of 77.25 level.
Stop Loss: …
The overall trend is upward. The bears tested the lower limit of the ascending price channel. The descending five-wave design ended with the breakout of the pivot. Stochastic Oscillator signals oversold conditions. The breakout of 79.05 will result in the formation of an ascending wave structure within the overall …
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