Arrow continues correcting the upside move, as the price is testing the support at 330.50, after it broke through the resistance level of 340.00 on the downside and reached the support level near the 50 SMA. Which is moving near the main support 330.50 while the average 20 is moving …
The pair broke out of a short-term uptrend amid the growing concerns in the market that the UK and the EU will not be able to agree on the terms of mutual trade at the end of the transition period on December 31, 2020. This uncertainty will push sterling …
The overall trend is downward. The currency pair is trading in the range of 365 and 135 moving averages. The ascending pattern is truncated. Awesome Oscillator indicates a bearish divergence, while Stochastic Oscillator signals an overbought condition.
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Trading recommendations: …
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