On the W1 timeframe, the currency pair is trading in the range of the upper limit of the descending price channel. The ascending pattern of the H4 level is truncated. Awesome Oscillator shows divergence, while Stochastic Oscillator signals overbought conditions.
monitor the price movement in real …
The pair is trading in a fairly narrow range of 1.1870-1.1990 waiting for the FED’s final decision on monetary policy, which will be published at the end of the meeting on Wednesday. Most likely, until this moment, the pair will remain consolidating in this range.
Technical side:
The price …
#DHR
The overall trend is upward. The downward movement is approaching the level of 210.35. Awesome Oscillator shows bullish divergence, while Stochastic Oscillator signals oversold conditions. Breaking through the price pivot zone of 220.00 will result in the formation of an ascending wave pattern.
Trading idea:
Buy when an ascending …
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