The pair found support at 1.1830 in anticipation of the Fed’s monetary policy decision. No changes are expected in the policy of the Federal Reserve or in the rhetoric of its head Jerome Powell, which means the dollar is likely to continue to fall.
Technical picture:
The price is …
The overall trend is upward. The 262.0 support level is holding back sellers. Awesome Oscillator indicates a bullish divergence, while Stochastic Oscillator shows an exit from the oversold zone. A breakout of the resistance level of 276.67 will result in the formation of an upward wave pattern within the …
The ascending H2 level pattern is truncated. Awesome Oscillator indicates a bearish divergence. The inclined channel protecting the pattern is broken by the assumed wave (aC H1). A breakout of the top (C) will result in the formation of a descending wave pattern.
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