The currency pair is testing the lower limit of the ascending price channel on the H4 timeframe.
Awesome Oscillator indicator has formed a bullish divergence, and Stochastic Oscillator signals oversold condition on the H1 timeframe. The currency pair is trading in the range of the internal descending price channel. …
The pair remains in a short-term downtrend as the US dollar weakens, while crude oil prices resume growth. If these two important factors persist, the pair will remain under pressure.
Technical side:
The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is in …
Friday, November 27th, today’s news—China's industrial profits rise for the sixth consecutive month, jumping 28.2% in October. European and Asian markets rise, oil and dollar weaken, bitcoin is down nearly $3,000. The price of Brent oil is $47.69, WTI—$44.91, EUR/USD is at 1.1928, GBP/USD—1.3370, gold is $1,808.00 per ounce.
Don't have your language?
