The overall trend is downward. An H4 level ascending pattern is truncated and the pattern of the wave C H4 (M30 level pattern) is also truncated. Awesome Oscillator shows a bearish divergence. The currency pair is trading in the range of 365 and 135 moving averages.
The pair continues to swing amid the uncertainty of Brexit negotiations. Any negative factor can drive the pair down again.
Technical side:
The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is below the 50% level and is declining. Stoch are turning down. …
Monday, December 7th, today’s news—China's exports in November grew at the fastest rate in nearly three years. Global markets are mostly mixed, imports also rise, Germany's industrial output rises on car sales, oil is down amid the new lockdowns, dollar is close to a 2.5-year low, still no progress on …
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