The pair is trading above the level of 1.1075 amid weaker dollar, in anticipation of the minutes of the latest Fed’s monetary policy meeting and the speech by the ECB head Christine Lagarde this Friday.
The price is above the middle Bollinger bands, above SMA 5 and SMA 14. RSI …
The resistance level of 222 continues to hold back buyers. The pivot zone of 217.80 provides resistance to sellers. Breaking the level of 217.80 will result in the formation of a descending pattern 123. A bearish divergence has formed on the Awesome Oscillator indicator, and the Stochastic Oscillator indicator signals …
The resistance level of 1.1091 holds back buyers. Also, buyers did not overcome the 50% Fibonacci level. A Bearish divergence formed on the Awesome Oscillator indicator, while the Stochastic Oscillator indicator showed an exit from the overbought zone. The formation of a descending pattern will result in the formation of …
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