The pair is trading above 1.1100 while consolidating in anticipation of the publication of new jobs data in the US. If it’s stronger than the consensus forecast of 164,000, the pair will be put under pressure and experience a limited decline.
The price is below the middle Bollinger band, above …
The resistance level of 126.25 actively holds back buyers. A bearish divergence has formed on Awesome Oscillator indicator, while Stochastic Oscillator indicator signals overboughtness.
Trading recommendations:
Sell below 125.30.
Stop loss under the resistance level 126.25.
Target levels-123.10; 120.00.
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