The pair reached a local low of 1.2175 amid the falling demand for risk assets and rising Treasury yields. Expect a local increase in the pair today if the market sentiment turns positive.
Technical side:
The price is below the middle Bollinger band, below SMA 5 and SMA 14. …
#NESN
The descending pattern of the H1 level is truncated. Awesome Oscillator shows a bullish divergence. Probably an H1 descending pattern is the wave (B) of an H8 level ascending pattern.
Trading idea:
Buy when an ascending wave pattern is formed, where the wave (aC) breaks through the inclined channel …
The overall trend is downward. The currency pair is trading in the range of 365 and 135 moving averages. The ascending pattern of the H4 level is currently truncated. A bearish divergence has formed on Awesome Oscillator.
monitor the price movement in real time.
Trading idea: …
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