The pair continues to swing amid the uncertainty of Brexit negotiations. Any negative factor can drive the pair down again.
Technical side:
The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is below the 50% level and is declining. Stoch are turning down. …
Monday, December 7th, today’s news—China's exports in November grew at the fastest rate in nearly three years. Global markets are mostly mixed, imports also rise, Germany's industrial output rises on car sales, oil is down amid the new lockdowns, dollar is close to a 2.5-year low, still no progress on …
The pair is clearly turning down amid the lack of progress in Brexit negotiations. This may cause a local drop, which will only increase if no agreement is reached.
Technical side:
The price is located below the middle Bollinger band, below SMA 5 and SMA 14. Moving Averages intersect …
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