The pair is trading above 1.1730 in anticipation of the US presidential election result, as well as the Fed’s monetary policy meeting. The pair will be supported by the final election results and the Fed’s soft monetary policy.
Technical side:
The price is located above the middle Bollinger band, …
The stock 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 indicates an oversold condition.
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Trading recommendations:
Buy when an ascending …
Tuesday, November 3rd, today’s news—Dow futures up 3100 points ahead of the US presidential election. Eureopan and Asian markets also rise in anticipation of the election results, the dollar is weaker, oil is recovering. The price of Brent oil is $40.19, WTI—$38.16, EUR/USD is at 1.1693, GBP/USD—1.2991, gold is $1,901.55 …
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