The ascending pattern is truncated. The resistance level of 1.1915 is holding back buyers. Awesome Oscillator shows a bearish divergence, while the moving averages of Stochastic Oscillator have left the overbought zone.
monitor the pair movement in real time.
Trading recommendations:
Sell when a descending wave …
The pair remains in the range of 1.1815–1.1900 due to the conflicting forces that prevent its further growth or drop. The pair will likely rise as the market sentiment improves.
Technical side:
The price is above the middle line of the Bollinger indicator, above SMA 5 and SMA 14. …
Tuesday, November 24th, today’s news—Donald Trump has officially initiated the transition to the new administration. Global markets reacted with growth, oil is up, gold continues to decline on vaccine optimism. The price of Brent oil is $46.25, WTI—$43.36, EUR/USD is at 1.1876, GBP/USD—1.3371, gold is $1,825.35 per ounce.
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