The overall trend is upward. The currency pair is trading in the range of 365 and 135 moving averages. A descending truncated pattern has formed (l 123.6% Fib. level is not broken). Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator signals oversold conditions.
: monitor …
Tuesday, April 27th, today’s news—European markets are flat ahead of the Fed's meeting and earnings reports. American markets are also flat after S&P 500 and Nasdaq close at record highs, Asian markets are down, China's industrial profit almost doubled, HSBC's quarterly profit surges 79%, dollar strengthens. The price of Brent oil …
The pair corrects downwards after reaching a local high of 1.2115, but remains in a short-term uptrend. The Fed's confirmation at the end of the meeting of the current ultra-soft monetary rate will return the pair to growth again.
Technical side:
The price is located below the middle Bollinger …
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