Friday, December 4th, today’s news—German factory orders in October surpassed the pre-pandemic levels. European and Asian markets rise on the US stimulus hopes, China's export and import growth continues to gain pace, gold and oil are up, the weakest job data in six months is expected in the US. The …
The currency pair is testing the lower limit of the ascending price channel on the H4 timeframe.
Awesome Oscillator indicator has formed a bullish divergence, and Stochastic Oscillator signals oversold condition on the H1 timeframe. The currency pair is trading in the range of the internal descending price channel. …
The pair remains in a short-term downtrend as the US dollar weakens, while crude oil prices resume growth. If these two important factors persist, the pair will remain under pressure.
Technical side:
The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is in …
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