The overall trend is downward. The Stochastic Oscillator signals overboughtness, and the Awesome Oscillator shows a bearish divergence. If the price fixes below the support level of 138.50, a further drop within the overall downtrend will be possible.
Trading recommendatons:
Sell below 138.50.
Stop loss: 140.00.
Target levels: 137.50; …
The price pivot zone of 0.9790 holds back buyers. A bearish divergence has formed on Awesome Oscillator indicator, and Stochastic Oscillator signals overboughtness. An ascending truncated pattern of the H4 level was formed. The lower boundary of the Ichimoku cloud serves as the resistance level.
Trading recommendations:
Buy while a …
The pair is above 1.0860. It is under pressure due to a prospect of a softer monetary policy by the ECB. The pair may continue to drop today if Germany’s consumer inflation data shows no growth, while the Amerca’s indicator increases.
The price is below the middle Bollinger band, below …
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