The pair is trading in the range 1.1055-1.1085 in anticipation of the minutes of the latest Fed’s monetary policy meeting, along with a speech by the ECB head Christine Lagarde to be delivered this Friday at the economic forum in Frankfurt. Expect the pair to move in this range.
The …
The resistance level of 1.1091 continues to hold back buyers. The upward corrective pattern has ended. The breakout of 1.1052 will result in the formation of a descending pattern within the wave (C) of the descending pattern of the D1 level. The Stochastic Oscillator indicator signals overboughtness. Since the swap …
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