We notice on the chart the euro-dollar move to form a bearish wedge pattern after a rise during previous trading. Prices are currently trading between 38.2% Fibo and 50% Fibo from the last bullish wave, we still see that there is no selling pressure as I see it missing any clear selling momentum in addition to the presence of Divergence signals negative gender on the hourly frame, which makes us expect more bullishness during today's trading.
We think a breach of the falling wedge is an opportunity to buy the pair with targets 1.1050 - 1.1130.
Influential news: The US dollar has an unemployment complaints rate at 3.30 pm Al-Quds Al-Sharif time.
Best Recommendations: Buy from 1.0890, stop, 1.0850, target open for areas of 1.1130 - or buy, by breaching the upper bound of the bearish trend, by stopping below the price achieved by yesterday's trading 1.0895.
We notice the formation of a symmetrical triangle pattern on the hourly frame - our expectations are still the same, and that the dollar pound is still bullish during today's trading, provided that the upper boundary of the triangle shown on the above chart is broken with targets 1.2470 - 1.2520
We think the trend for this day is bullish
Influential news: The US dollar has an unemployment complaints rate at 3.30 pm Al-Quds Al-Sharif time.
We still believe that the dollar has selling targets targeting 106.50 - 106.30, God willing, with caution from the start of positive signs of Divergence appearing on the pair
We think that the direction for this pair during today 's trading is a bearish trend
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