The pair broke out of the range of 1.3800–1.4000 on the strong dollar as the inflation in the US is expected to soar above the target of 2.0% as early as this year. However, the pair is expected to recover technically due to its oversold condition before it can …
Wednesday, March 24th, today’s news—markets continue to fall amid the doubts over economic recovery and lockdown concerns. European and Asian stocks are trading at two-week lows, investors await PMI release in Europe, oil bounced back, dollar strengthens as a safe haven currency. The price of Brent oil is $62.55, WTI—$59.40, EUR/USD …
The descending pattern of the H8 level is truncated. A multi-light "double bottom" pattern is formed. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator signals oversold conditions.
: monitor the price movement in real time.
Trading idea:
Buy when an ascending wave pattern is formed, …
Don't have your language?
