The overall trend is upward. The currency pair is trading in the range of 365 and 135 moving averages. Stochastic Oscillator signals oversold conditions, and Awesome Oscillator shows a bullish divergence.
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Trading idea:
Buy on the formation of an …
The pair is consolidating in the range of 1.1700-1.1760 amid the US employment data, which will be published tomorrow, and if it turns out to be higher than the forecast, this should push the pair down.
Technical side:
The price is located below the middle Bollinger band, above SMA …
Wednesday, March 31st, today’s news—US President Joe Biden to unveil his $2 trillion package for infrastructure recovery. American and European markets are mostly flat, Down slipped from record highs, private payroll data is in focus the US, investors await the eurozone inflation data, Germany posted lower jobless claims, the UK's …
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