The pair is trading at 1.2000 ahead of ADP employment report. New jobs are expected to have risen in April by 800,000 compared to the March value of 517,000. If the released data conforms to the predictions or even beats them, it will weigh on the pair locally.
Technical …
The overall trend is downward. The ascending wave H2 level pattern is truncated. Awesome Oscillator shows a bearish divergence, while Stochastic Oscillator indicates an overbought condition.
: monitor the price movement in real time.
Trading idea:
Sell when a descending wave pattern is formed, where the …
The single currency, the euro, fluctuated in a narrow range that tends to decline during the Asian session, to witness its retracement for the third consecutive session from its highest since February 26 against the US dollar on the cusp of economic developments and data expected today, Monday by the …
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