The overall trend is upward. The currency pair is trading in the range of 365 and 135 moving averages directed upwards. The descending pattern is truncated. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator signals oversold condition.
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Trading …
The pair rises, but currently remains in a short-term flat trend ahead of Joe Biden’s inauguration and possible new stimulus measures for the US economy. The price may fall if today’s consumer inflation data shows growth.
Technical side:
The price is above the middle Bollinger band, above SMA 5 …
Tuesday, January 12th, today’s news—American markets are flat following yesterday's decline. President-elect Joe Biden promises "trillions of dollars" in stimulus, Treasury yields rise, European markets are mixed. The price of Brent oil is $56.60, WTI—$53.13, EUR/USD is at 1.2163, GBP/USD—1.3601, gold is $1,862.45 per ounce. Read the daily selection of …
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