The overall trend is downward. The ascending pattern showed a bearish divergence on Awesome Oscillator, and an overbought condition on Stochastic Oscillator. A breakout of 135.85 will result in the formation of a 1-2-3 descending pattern.
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Trading recommendations:
Sell …
The pair found support at 1.1730 and may resume growth. Higher expectations of new stimulus package from the ECB may support the pair. However, if the sentiment in the stock market turns negative after Trump’s decision not to support new stimulus proposals by Republicans, the pair may continue its …
Tuesday, October 6th, today’s news—European markets are lower as the healthcare and tech sectors weaken, profitability of the eurozone banks fall. The dollar falls amid the rising risk appetite, American markets await the statement from the Fed's head Jerome Powell. The price of Brent oil is $41.70, WTI—$39.60, EUR/USD is …
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