The pair is trading below 1.1830 after a local rise amid the chronically weak dollar due to stable expectations in the market that the after the election, the winner of the presidential race will be forced to give the green light to new measures to support the US economy. …
The overall trend is downward. Awesome Oscillator indicates a bearish divergence, while Stochastic Oscillator signals an overbought condition. A breakout of 0.6568 will result in the formation of a 1-2-3 descending pattern.
: monitor the price movement in real time.
Trading recommendations:
Sell below 0.6568.
Stop …
Friday, October 9th, today’s news—the UK's economic recovery slowed in August amid the pandemic. American and European markets rise in anticipation of fiscal stimulus updates, dollar is weaker, oil prices jump on fears of supply cuts from as Norwegian oil workers strike. The price of Brent oil is $43.00, WTI—$40.83, …
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