The resistance level of 76.08 holds back buyers. An H2 level ascending truncated patternhas formed. The formation of a bearish divergence on Awesome Oscillator indicator also indicates the weakness of the pattern.
Trading recommendations:
Sell while the descending pattern is forming, where the wave (A) breaks through the inclined channel …
The pair is trading in a short-term uptrend, above 1.1140 level. If the minutes of the ECB's December meeting published today show a lack of consensus on the prospects for a soft monetary policy of the regulator, this may push the pair to further growth.
The price is above the …
The pair is trading below 1.1140 in anticipation of the new US-China trade deal to be signed today. This event, as well as the ambiguous US consumer inflation data published on Tuesday, will lead to a local growth of the pair.
The price is above the middle Bollinger band, above …
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