The pair continues to consolidate in the range of 1.2170-1.2260 on the wave of expectations for the publication of important data on employment in the US, which will be published today by ADP, and on Friday by the US Department of Labor.
Technical side:
The price is located below …
The ascending pattern of the H2 level is truncated, the inner pattern is also truncated. Awesome Oscillator shows a bearish divergence, while Stochastic Oscillator signals overbought conditions. Probably the ascending truncated of the H2 level is the wave (B) of the descending wave pattern of the H8 level.
Wednesday, June 2nd, today’s news—the US S&P 500 index closed in the red on Tuesday under pressure from shares in the health and technology sectors, which, at the same time, was offset by growth in the energy and financial sectors: investors weighed fresh economic data from the US in search …
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