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The overall movement of the currency pair is upward, following by 135 and 365 moving averages in the trading range. Stochastic Oscillator indicator signals oversoldness.

Trading recommendations:

Buy while an ascending pattern is forming.

Stop loss under the support level 108.50.

Target levels – 108.90; 109.26.

The resistance level of 0.5123 holds back buyers. The stock is tradnig flat. Breaking through the upper border of the flat (0.5123) will give the opportunity for further growth in the range of the pivot zone 0.5180. A bullish divergence has formed on Awesome Oscillator indicator.

Trading recommendations:
Buy above …