The pair is consolidating above 1.1880 amid positive sentiment in the markets, which support the demand for risky assets and at the same time put pressure on the dollar as the funding currency.
Technical side:
The price is located above the middle Bollinger band, at the level of SMA …
The overall trend is upward. The currency pair is trading in the range of the lower limit of the ascending price channel. The descending pattern of the H4 level is truncated. A bullish divergence has formed on Awesome Oscillator.
monitor the price movement in real time. …
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The descending wave pattern is truncated. Awesome Oscillator shows a Bullish divergence, while Stochastic Oscillator signals oversold conditions. The support level of 220.00 holds back sellers.
Trading idea:
Buy when an ascending wave pattern is formed, where the wave (A) breaks through the inclined channel of the descending truncated …
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