The ascending wave pattern of the H2 level is truncated. Awesome Oscillator shows a bearish divergence. The breakout of 1.5604 will result in the formation of a descending wave pattern, which completed the ascending truncated pattern by breaking through the inclined channel.
monitor the price movement …
The pair remains in a short-term uptrend. It reached our target of 1.2180 yesterday amid the rising demand for risky assets and investors' continuing hopes for the short-term increase in inflation in the US, and this will not allow the Fed to change its current ultra-soft monetary policy.
Technical …
Monday, May 17th, today’s news—bitcoin sank by 10%! This is the most significant drop in the value of cryptocurrency since May 12. The price of Brent oil is $68.72 per barrel, WTI—$65.47. EUR/USD is at 1.2146, GBP/USD—1.4103, gold is $1.853.70 per ounce. Read the daily selection of analytical reviews from …
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