The currency pair is trading in the round important level of 1.2500. A start fractal has formed above the secondary level of 1.2520. Breaking through the fractal will result in a formation of an ascending wave pattern and fixing the price above the round secondary level of 1.2520.
The pair is consolidating in 1.1950-1.1990. It may resume its growth amid overall positive sentiments in the markets and the weaker dollar, which is caused by lower US treasure data.
Technical side:
The price is located above the middle Bollinger band, above SMA 5 and SMA 14. RSI is …
Futures contracts for gold prices fluctuated in a narrow range that tends to decline during the Asian session, to witness its rebound for the second session from its highest since February 26, amid the rebound of the US dollar index for the second session in a row from its lowest …
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