The overall trend is upward. The currency pair is trading in the range of 365 and 135 moving average and in the range of the round important level of 1.1300. The descending truncated H1 level pattern ended with the breakout of the inclined channel (aC M30). Breaking through the resistance …
The pair is under pressure below 1.2800 amid yesterday's Bank of England’s unexpected key interest rate cut by 0.50% to 0.25%. The pair will continue its local decline.
The price is below the middle line of the Bollinger indicator, below SMA 5 and SMA 14. RSI is above the 50% …
The pair is below 1.1370. Expect a resumption of its decline if the situation in the financial markets stabilizes. Expectation of the ECB cutting rates to negative values will put pressure on the single currency.
The price is at the midline Bollinger band, below SMA 5, but still above SMA …
Don't have your language?
