The pair remains in a short-term uptrend caused by the falling demand for crude oil as the consumption rates are expected to drop due to the new coronavirus in China. If the current market sentiment remains, the pair will be pushed upwards.
The price is above the middle Bollinger band, …
The support level of 1.1033 holds back sellers. A descending truncated pattern of the H1 level has formed, which is probably a correction of the ascending pattern of the H4 level. Stochastic Oscillator indicator signals oversoldness.
Trading recommendations:
Buy while an ascending pattern is forming, where the wave (aC) breaks …
The fluctuation of the US dollar in a narrow range slanted toward decline during the Asian session, to witness its bounce to the tenth session in fourteen sessions from its highest since May 23 against the Japanese yen amid the scarcity of economic data by the Japanese economy and on …
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