The pair began to correct following today’s weak economic data from China. The pair is being driven down due to the local overbought condition, which may result in a limited decline.
Technical side:
The price is above the middle Bollinger band, below SMA 5, but above SMA 14. RSI …
Friday, August 28th, today’s news—France's GDP has contracted by a record 13.8% in Q2. The Fed shifts its inflation target to "average", the news has triggered growth in the European and American markets, Dow is up 200 points. The price of Brent oil is $45.47, WTI—$42.88. EUR/USD is at 1.1906, …
The euro rose against most of the major currencies during trading on Friday, in light of the weakness of the US currency and buying momentum, with expectations indicating that the European single currency is heading towards further rise.
Yesterday, economic data showed that the US GDP contracted by 31.7% in …
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