The US dollar fluctuated in a narrow range, tilted towards a decline during the Asian session against the Japanese yen, following the developments and economic data we followed on the Japanese economy and on the cusp of economic developments and data expected today, Thursday, by the US economy, the largest …
The overall trend is upward. The moving average of CCI broke through the level of 100, followed by the assumed correction. Stochastic Oscillator signals an oversold condition. A breakout of the resistance level of 0.6108 will result in the formation of a 1-2-3 ascending pattern.
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The pair turned upwards amid strong demand for risk assets, while a positive outlook for the eurozone economy is expected from Christine Lagarde. The ECB isn’t expected to change its monetary policy, which will support the single currency, considering the possible optimism from the President of the European regulator. …
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