Arrow returns to the upside move, as the price is testing the resistance 340.85 after testing the support level of 330.70 to the downside, and it reached the support level near the 50 SMA. Which is moving near the major support at 330.50.
The stochastic indicator approached the overbought zone, …
The currency pair is trading in the range of 365 and 135 moving averages directed down. A start fractal has formed below the 135 EMA. Awesome Oscillator indicates a bullish divergence, while Stochastic Oscillator moving averages are directed down from the overbought zone.
: monitor the …
The pair remains in a narrow range of 1.1750–1.1915. The pair is supported by the positive German PPI release.
Technical side:
The price is above the middle Bollinger band, above SMA 5 and SMA 14. Moving Averages intersect and suggest buying. RSI is above the 50% level and growing. …
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