Analysis based on round-number levels, price channels and modified Elliot Waves
The general trend is upward. Round important level 0.6600 discouraged sellers. An H1 level truncated pattern was formed. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator signals oversoldness.
Our recommendations:
Buy as the upward wave pattern is forming, …
The pair is trading above 1.1100 while consolidating in anticipation of the publication of new jobs data in the US. If it’s stronger than the consensus forecast of 164,000, the pair will be put under pressure and experience a limited decline.
The price is below the middle Bollinger band, above …
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