The currency pair is trading in the range of 365 and 135 moving averages. The inclined channel of the ascending truncated pattern is broken. Presumably, a descending wave pattern is being formed within the general downtrend.
monitor the price movement.
Trading recommendations:
Sell on the breakout …
The pair is consolidating in a narrow range of 1.1700–1.1750 ahead of the new US employment data. If the numbers are higher than expected, then the pair will go up amid the rising demand for risk assets following a period of warm-up and decline. If the numbers are low, …
Thursday, October 1st, today’s news—new eurozone data shows a recovery of growth in the manufacturing sector in Germany and France. This fueled the rise in the European markets, another factor is the Wall Street rally caused by the hopes of a fiscal stimulus deal in Q4, dollar is weaker as …
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