The pair remains in the range of 1.1815–1.1900 due to the conflicting forces that prevent its further growth or drop. The pair will likely rise as the market sentiment improves.
Technical side:
The price is above the middle line of the Bollinger indicator, above SMA 5 and SMA 14. …
Tuesday, November 24th, today’s news—Donald Trump has officially initiated the transition to the new administration. Global markets reacted with growth, oil is up, gold continues to decline on vaccine optimism. The price of Brent oil is $46.25, WTI—$43.36, EUR/USD is at 1.1876, GBP/USD—1.3371, gold is $1,825.35 per ounce.
The single currency, the euro, fluctuated in a narrow, upward sloping range during the Asian session, to witness its rebound to the tenth session in fourteen sessions from the lowest since July 24 against the US dollar on the cusp of developments and economic data expected today, Tuesday, by the …
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