The US dollar fluctuated in a narrow range that tends to decline during the Asian session, to witness its rebound from the high since September 15 against the Japanese yen following the developments and economic data that they followed on the Japanese economy and on the cusp of economic developments …
Arrow returns to the upside move, as the price is testing the resistance 340.85 after testing the support level of 330.70 to the downside, and it reached the support level near the SMA 50. Which is moving near the major support at 330.50.
The stochastic oscillator approached the overbought zone, …
The pair is turning down against the backdrop of the stronger US dollar as the demand for risk assets has increased due to hopes of Democrats and Republicans agreeing on new stimulus package to support the American economy and citizens.
Technical side:
The price is located above the middle …
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