The currency pair is trading in the range of 365 and 135 moving averages directed upwards. The descending internal M30 level pattern is truncated. A Bullish divergence has formed on Awesome Oscillator of the H1 level, and Stochastic Oscillator indicates oversoldness.
Trading recommendations:
Buy while an ascending pattern is forming, …
The pair is consolidating above 1.1130 in anticipation of today's speech by Christine Lagarde and the publication of the eurozone consumer inflation data. If the head of the ECB once again speaks problems in the euro area and stimulus measures, while the inflation data is weaker than predicted, it may …
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