The pair is trading in the range of 1.1055-1.1085 in anticipation of the ECB president Christine Lagarde's speech at the economic forum in Frankfurt today.If she confirms the need for a softer monetary policy adopted earlier under Mario Draghi, this may lead to the resumption of the pair drop. Today’s …
The resistance level of 53.40 held back buyers. The stock is trading in the range of 365 and 135 moving averages directed downwards. Stochastic Oscillator indicator showed an exit from the overbought zone, and the MACD indicator signals a bearish divergence.
Trading recommendations:
Sell at the breakout of the start …