The pair is trading above 1.0990 amid the positive US employment data released by ADP on Wednesday. The pair may correct upward, but is likely to continue dropping due to the probably strong new jobs data to b realeased by the Department of Labor on Friday.
The price is below …
The support level of 29.00 holds back sellers. Awesome Oscillator shows a bullish divergence, while the Stochastic Oscillator signals oversoldness. Breaking through the resistance level of 29.57 will result in the formation of an ascending wave pattern.
Trading recommendations:
Buy above 29.57.
Stop loss below the level of 29.00.
Target …
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