The resistance level of 129.00 continues to deter buyers. The support level of 126.80 held back bearish movements. A bullish divergence has formed on the Awesome Oscillator.
Trading recommendations:
Buy after the price fixes above the resistance level 129.00.
Stop Loss under the support level 126.80.
Target levels – 132.30; …
EURUSD
The pair is consolidating above 1.1015 amid the publication of economic statistics from the US. Positive data would lead to the pair's reversal local decline.
The price is above the middle Bollinger band, at the level of SMA 5 and above SMA 14. RSI is located above the level …
Analysis based on round-number levels, price channels and modified Elliot Waves
Important round-number level 0.9800 held back sellers. The downward sloping channel is breached by the formation of Fractal Start above the 365-day moving average (0.9843). A breach of the fractal start will result in an upwards wave pattern on …
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