After reaching a local high of 0.7910, the pair may correct amid renewed growth in the yield of US treasuries, which in turn are the strongest supporting factor for the US dollar, which doesn’t allow it to collapse under the pressure of new Congress’s large-scale measures to support the …
The price pivot zone of 8.2518 held back sellers. The descending pattern of the H8 level is truncated. A bullish divergence has formed on Awesome Oscillator.
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Trading idea:
Buy when an ascending wave pattern is formed, where wave (A) …
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The overall trend is upward. The descending pattern is truncated. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator signals oversold conditions. The breakout of 56.85 will result in the formation of an ascending wave pattern and the breakout of the inclined channel of the descending pattern.
Trading Idea: …
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