The pair is trading above the strong support level of 1.3245 amid the rising crude oil prices and expectations of a new peacemeal stimulus package in the US, which weakens the US dollar.
Technical side:
The price is located below the middle Bollinger band, below SMA 5 and SMA …
The ascending M30 level pattern is currently truncated. An extended bearish divergence is likely to form (a double top pattern confirmed by a bearish divergence). Stochastic Oscillator indicates an overbought condition.
monitor the price movement in real-time.
Trading recommendations:
Sell when a descending wave pattern is …
Wednesday, October 7th, today’s news—Trump postpones stimulus talks until after the election. Markets reacted with a decline, quickly followed by a recovery amid the rising popularity of the Democratic candidate Joe Biden, and the expectations of a massive stimulus package in case of his victory. The price of Brent oil …
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