The single currency, the euro, fluctuated in a narrow, upward range, during the Asian session, to witness its rebound for the fifth consecutive session from the lowest since August 12 against the US dollar on the cusp of economic developments and data expected today, Tuesday by the economies of the …
The overall trend is upward. The 0.6876 support level is holding back sellers. A descending truncated pattern has formed. Awesome Oscillator indicates a bullish divergence, while Stochastic Oscillator signals an oversold condition.
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Trading recommendations:
Buy when an ascending wave …
The pair corrected down after reaching 1.1900. It will continue to grow as the Fed is expected to continue with the soft monetary policy.
Technical side:
The price is above the middle Bollinger band, above SMA 5 and SMA 14. RSI is above the 50% level and is growing …
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