Analysis based on round-number levels, price channels and modified Elliot Waves
EURUSD
Daily timeframe shows the pair reaching the support level of 1.0890. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator signals oversoldness.
Ascending pattern 1-2-3 is forming on the H1 timeframe. The price is within the range of …
The pair is trading at 1.0905. It’s expected to resume falling amid the weaker EU economy and the ECB’s vague monetary policy position. USD is consolidating against EUR primarily thanks to the weakness of the latter, and not due to its intrinsic strength.
The price is below the middle Bollinger …
The single currency fluctuated the euro in a narrow range slanting back down during the Asian session to witness its stability near its lowest since the beginning of October, when it tested the lowest since 12 May 2017 against the dollar on the cusp of developments and economic data expected …
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