Price pivot zone 1.3007 holds back sellers. The overall trend is upward, and Stochastic Oscillator indicates oversoldness.
Trading recommendations:
Buy strictly while an ascending pattern is forming, where wave (A) breaks through the inclined channel of the descending pattern (presumably acorrection).
Stop Loss at a local minimum.
Target levels - …
The pair is trading above 1.1110 in anticipation of GDP data publication along with with other US economic indicators.. If they turn out to be no worse than predicted, this may result in a local decline of the pair.
The price is below the middle Bollinger band, below SMA 5 …
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