The overall trend is upward. The currency pair is trading in the range of 365 and 135 moving averages. The descending pattern of the H2 level is truncated. Awesome Oscillator shows a bullish divergence.
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Trading idea:
Buy when an …
Monday, January 25nd, today’s news—European, American, Asian markets rise on positive earnings reports, economic data, and a new stimulus package in the US. Oil is up, dollar weakens, the Fed's meeting is in focus. The price of Brent oil is $55.58, WTI—$52.67, EUR/USD is at 1.2149, GBP/USD—1.3675, gold is $1,854.95 …
The euro against the dollar has completed forming a double bottom pattern, its features appear in the above chart, and we notice that the stochastic indicator is gradually gaining positive momentum, waiting to stimulate the price to continue to rise, so that the bullish trend scenario remains valid and effective …
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