The pair shows a local downward reversal as the demand for commodity assets falls due to the pandemic surge and the resulting decrease in the economic activity in the world. The pair is more likely to decline than to resume the uptrend.
Technical side:
The price is at the …
The stock is trading in the range of a descending price channel. The support level of 114.15 is holding back sellers. A bullish divergence has formed on Awesome Oscillator, while Stochastic Oscillator indicates an oversold condition.
monitor the price movement in real time.
Trading recommendations:
Buy …
Friday, October 23rd, today’s news—retail sales in the UK grew 1.5% (4.7% compared to the last year), exceeding all forecasts. European markets rise on the positive economic data, American markets and the dollar are up following the final presidential debate. The price of Brent oil is $42.38, WTI—$40.50, EUR/USD is …
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