The pair continues to correct downwards as the demand for dollar rises while investors abandon risk assets. If the European stock market corrects down, the pair will continue to decline.
Technical side:
The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is below …
The support level of 204.50 is holding back sellers. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator indicates an oversold condition. A breakout of the sloping channel with the formation of an ascending 1-2-3 pattern will allow the stock to rise as the dividend gap closes.
The ascending H8 level pattern is truncated, the internal H4 level pattern is also truncated. A reversal wave model is likely to form. A bearish divergence has formed on Awesome Oscillator and on the bull strength indicator.
monitor the price movement in real time.
Trading recommendations: …
Don't have your language?
