The resistance level of 58.77 continues to hold back buyers. A bearish divergence has formed on the Awesome Oscillator indicator, and the Stochastic Oscillator indicates high overboughtness.
Trading recommendations:
Sell at the breakout of the pivot zone 57.38.
A Stop Loss of 58.77.
Target levels - 55.60; 53.31.
Reversing price pivot level of 1.4710 holds back buyers.A retest of the lower border of the ascending price channel and a test of the upper border of the descending price channel are forming.
The Inside Bar pattern is formed on the H4 timeframe. Also, the stochastic Oscillator indicator signals overboughtness. …
The pair is trading below 1.1075 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.
The price is above the middle Bollinger band, below SMA 5 and SMA 14. RSI is located …
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