The overall trend is upward. The moving average of CCI broke through the level of 100, followed by the assumed correction. Stochastic Oscillator signals an oversold condition. A breakout of the resistance level of 0.6108 will result in the formation of a 1-2-3 ascending pattern.
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The pair turned upwards amid strong demand for risk assets, while a positive outlook for the eurozone economy is expected from Christine Lagarde. The ECB isn’t expected to change its monetary policy, which will support the single currency, considering the possible optimism from the President of the European regulator. …
Wednesday, September 9th, today’s news—stocks of American tech companies continue to drop, Treasury yields are also down. European markets and the US dollar are stronger, oil is falling due to weak demand. The price of Brent oil is $40.26, WTI—$37.39. EUR/USD is at 1.1762 GBP/USD—1.2941, gold is $1,938.50 per ounce.
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