The recovery in crude oil prices amid the extremely positive data on the business activity index (PMI) in China, which rose above the key mark of 50 points to 52.0 points, may put pressure on the pair and contribute to its local decline. Growth in stock indexes and demand …
The resistance level of 0.5795 continues to hold back buyers. The currency pair is trading in the range of 365 and 135 moving averages, where the fast (135 EMA) moving average is below the slow (365 EMA) moving average, indicating a downtrend. A bearish divergence has formed on Awesome …
The single currency, the euro, fell during the Asian session to witness its bounce back for the third session from the top since March 17, to prepare for its third monthly losses in a row and quarterly losses against the US dollar on the cusp of developments and economic data …
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