The pair is trading above 1.3310 amid the renewed Brexit negotiations and the growing demand for risk assets, which weakens the US dollar.
Technical side:
The price is located above the middle Bollinger band, above SMA 5 and SMA 14. RSI is under the overbought zone and is growing …
The currency pair is trading in the range of a descending price channel. At the same time, the support level of 1.9074 holds back sellers, Awesome Oscillator shows a bullish divergence, and the moving averages of Stochastic Oscillator showed an exit from the oversold zone and are directed upwards. …
Monday, November 23rd, today’s news—service sector PMI in Germany is weaker than October's, lockdown may be extended into the next month as coronavirus cases rise. Vaccine hopes dominate the global markets: stocks of European and Asian companies rise, Dow is up 200 points, oil is rising, gold is falling, the …
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