The overall trend is downward. The price pivot zone 0.6780 holds back buyers. The pair is trading in the range of 365 and 135 moving averages. A bearish divergence has formed on Awesome Oscillator indicator. The breakout of the round intermediate level 0.6750 will result in the formation of a …
The pair is consolidating in a narrow range of 1.0990-1.1020 due the continuing by the USD which is supported by the strong US economic data, but its noticeable growth is held back by the uncertainty of the US-China trade talks.
The price is below the middle line of the Bollinger …