The pair is trading below 1.4420 amid the rising crude oil prices and positive news from China, as the country reopens its borders due to the subsiding coronavirus pandemic. Another positive growth factor for the pair is an increase in demand for risk assets and the announcement of unprecedented …
The historical level of 109.33 held back sellers. The same level was at the lower border of the rising price channel. The SP 500 index shows an upward movement today against the backdrop of the Fed's announcement of the QE launch.
Trading recommendations:
Buy at the current price (112.73). …
The overall trend is downward. The currency pair is trading in the range of 365 and 135 moving averages. A start fractal (75.97) has formed below 135 EMA. Breaking through the start fractal will result in the formation of a descending H1 level pattern within the overall downward trend. …
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