The price pivot zone of 1.5668 holds back buyers. A bearish divergence has formed on Awesome Oscillator, and Stochastic Oscillator signals an overbought condition. The ascending H8 level pattern is currently truncated. The wave C H8 (H2 level pattern) is also truncated, a reversal wave pattern will probably form …
Monday, September 21st, today’s news—stocks of European and Asian companies are lower amid the rising COVID-19 case rate, new lockdown measures are expected. American markets and the dollar are also falling ahead of the speeches by the Fed officials this week, the oil prices are under pressure due to the …
The pair is trading in the range of 1.1750–1.1915. The pair may resume growth if the ECB head Christine Lagarde offers an optimistic outlook in her speech.
Technical side:
The price is above the middle Bollinger band, above SMA 5 and SMA 14. RSI is above the 50% level …
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