The pair remains above the strong support level of 1.2135 as Treasury yields rise again, supporting the dollar. This trend may negatively affect the pair’s further growth.
Technical side:
The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is below the 50% level …
Wednesday, January 13th, today’s news—oil prices are up as the US crude oil stockpiles fall. Global markets are still mixed, gold rises, Treasury yields and dollar fall. The price of Brent oil is $56.60, WTI—$56.78, EUR/USD is at 1.2185, GBP/USD—1.3681, gold is $1,850.90 per ounce. Read the daily selection of …
#NESN
The downward pattern of the H1 level ended with the breakout of the inclined channel (aC). Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator signals oversold conditions. Probably the descending H1 pattern is the wave (B) of the ascending pattern of the H8 level.
Trading idea:
Buy when …
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