The pair remains in a short-term uptrend amid the chronically weaker US dollar. From a technical point of view, it’s located at a kind of a bifurcation point, when it can continue to drop after breaking the support line or turn up and resume the upward trend.
Technical side: …
Monday, October 12th, today’s news—China's export in September rose 10% compared to the last year. Asian markets rise on the economic data from China, European markets also rise, yuan is weaker against the dollar, stimulus talks in the US are still unsuccessful. The price of Brent oil is $42.33, WTI—$40.01, …
Aeroflot confirmed the downside path, as it breached the support 68.30 and moved towards the 50.60 level, which is the target for the downside movement.
The price continues to move below the moving averages 507-20- which moves in a bearish order above the price near the resistance level 78.5068.30 and …
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