On the weekly timeframe, the historical support level of 1.0607 is being tested. Awesome Oscillator indicator generates a bullish divergence, while Stochastic Oscillator signals oversoldness.
A Bullish divergence along with oversoldness have also formed on the H1 timeframe. The pair is trading in the range of the round important 1.0600 …
The overall trend is downward. The support level of 136.50 is holding back sellers. Breaking through the level will result in the formation of a descending pattern 123. The moving averages of Stochastic Oscillator indicator have crossed and are located near the overbought zone.
Trading recommendations:
Sell below 136.50.
Stop …
The pair is consolidating above 1.0780 in anticipation of data on production indicators and consumer inflation in Germany and the eurozone, as well as in the US. If the overall values are weaker than expected in Germany and the eurozone, and at least at the predicted level in the US, …
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