The overall trend is upward. The 742.0 support level holds back sellers. A descending truncated pattern of the H4 level has formed, which is probably a wave (B) of the ascending pattern of the D1 level. Bullish divergence has formed on the Awesome Oscillator, and the Stochastic Oscillator indicator signals …
The pair consolidates in a narrow range above the level of 1.0995. Today is a short working day in US due to the continuing Thanksgiving celebration, which means low investor activity. Expect the pair’s behavior to remain sluggish, although it is likely to resume falling next week.
The price is …
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