The overall trend is upward. The support level of 1.2132 is holding back sellers. The descending pattern of the H4 level is truncated. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator signals oversold condition.
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Trading idea:
Buy when …
The pair remains above the strong support level of 1.2135 as Treasury yields rise again, supporting the dollar. This trend may negatively affect the pair’s further growth.
Technical side:
The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is below the 50% level …
Wednesday, January 13th, today’s news—oil prices are up as the US crude oil stockpiles fall. Global markets are still mixed, gold rises, Treasury yields and dollar fall. The price of Brent oil is $56.60, WTI—$56.78, EUR/USD is at 1.2185, GBP/USD—1.3681, gold is $1,850.90 per ounce. Read the daily selection of …
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