The currency pair is trading in the range of 365 and 135 moving averages. The breakout of 109.945 will result in the formation of an ascending wave pattern of the M30 level, where the wave (A M30) broke through the inclined channel of the descending wave pattern of the …
Monday, September 6th, today's news — the US dollar edged higher in early European trading but remained near a one-month low as Friday's disappointing jobs report weakened expectations of an early tapering of the Fed’s monetary stimulus. The price of Brent oil is $71.96 per barrel, WTI — $68.61. EUR/USD …
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The descending wave pattern is truncated. A bullish divergence has formed on Awesome Oscillator, and Stochastic Oscillator signals oversold conditions.
Trading idea:
Buy when an ascending wave pattern is formed, where the wave (A) breaks through the inclined channel of the descending truncated pattern.
Stop Loss under the local …
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