Our expectations: Medium-term upward trend. The price had entered into short-term consolidation, after which the horizontal support of 1.13860 managed to keep the price above it. The upward move is likely to remain in place. SL: 1.13800
Alternative Scenario: If the price moves back below the horizontal support and closes below it, it will most likely continue its corrective movement.
Comments: The price is above 50 and 200 SMA, which confirms the long.
Following Janet Yellen's comments, traders are beginning to doubt that the Fed will raise the interest rate once more by the end of the year, which has a positive effect on the indices.
DEM (14) - The indicator is in a surplus area and turns for a probable long positions.
Trader - S. Fuchedzhiev
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