USD Typical Price Recovery, then & now!

The three cluster of candle bars have indicated the first signal that a daily price recovery is in the making. This is also supported with an opening price gap last Monday's US session that followed with an initial registered low @93.62 basis point.  And currently above the 94.30 levels which would also be pressured with the recovery in Oil and precious metals.

Such formation have been easily identified which is typically described in technical chart patterns. The low also provided a divergent price trend when compared with the combined tech tool of the diagonal contrarian direction relative to the Stochastic / RSI.

With that said, the correlated effects would spill over with the EURO & the EURGBP Cross rates directly which is in fact at the stage of a corrective phase with the EURUSD @1.1306 & 0.7941 respectively. Thus the resiliency of the rest of currency pairs could be spared such as the Aussie which is still working at the higher band of its range.

Market Call: USD Key Driver for Major Indices Direction & Renew Higher Trend with Volume - Momentum signals would be the game changer!