The pair is trading above 1.3200 amid the rising demand for risk assets and the weaker US dollar. Investors believe that the Biden presidency and the vaccine will quickly restore the precrisis levels. Against this backdrop, the demand for safe haven assets, including the US dollar, is dropping.
Technical …
The price pivot zone of 459.00 deters sellers. Awesome Oscillator indicator shows a bullish divergence. Breaking through the resistance level of 497.0 will result in the formation of an ascending pattern of 1-2-3.
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Trading recommendations:
Buy on breakout of …
Friday, November 13th, today’s news—the rising number of new coronavirus cases in the US and Europe continues to weigh on the markets, outshining the vaccine positivity. European markets are falling, the US markets are flat, Asian markets are mixed as Joe Biden is likely to be elected President, the dollar …
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