The price pivot zone of 1.0892 is actively holding back buyers. A bearish divergence has formed on Awesome Oscillator, and Stochastic Oscillator signals overboughtness. The ascending H4 level pattern is truncated.
Trading recommendations:
Sell while a descending wave pattern is forming, where wave A breaks through the inclined channel …
The pair is rising amid the growing demand for risk assets in anticipation of today’s ECB monetary policy meeting. It’s not expected to result in a decision to extend the stimulus measures. This would be positive for the currency, which is ahead of the dollar in this regard. Positive …
The Australian dollar fell during the Asian session to witness its rebound from above since March 10 against the US dollar, following developments and economic data that it had reported on the Australian economy, and in the wake of developments and economic data that were followed by the Chinese economy, …
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