The overall trend is upward. The currency pair is trading in the range of 365 and 135 moving averages. A descending truncated H2 level pattern and an internal truncated H1 level pattern have formed. Awesome Oscillator shows a bullish divergence. The breakout of 0.8953 will result in the formation …
The pair is correcting down after yesterday's growth amid the outcome of the Fed’s meeting and the speech of its head Jerome Powell. But despite the decline of the pair, market participants will use it to resume its purchases.
Technical side:
The price is located above the middle Bollinger band, …
Wednesday, April 28th, today’s news—markets are mixed amid the earnings reports and ahead of the Fed's meeting. Deutsche Bank reported the best profit in seven years, The Fed is expected to confirm its easy monetary policy even as economic recovery is picking up pace, dollar and Treasury yields are up. The price …
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