The pair consolidates above 1.0830. It will continue its local decline after overcoming this mark. The main reason behind this is still the weakness of the European economy and the ECB’s monetary policy that is no longer expected to get tighter.
The price is below the middle Bollinger band, below …
The lower border of the ascending price channel and the support level of 448.00 held back sellers. The price pivot zone of 465.40 holds back buyers. Breaking through the level of 465.40 will result in the formation of an uptrend 1-2-3 within the overall uptrend. Also, Stochastic Oscillator indicator signals …
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