The overall trend is downward. The currency pair is trading in the range of 365 and 135 moving averages. The ascending pattern of the H2 level is truncated. Awesome Oscillator shows a bearish divergence, while Stochastic Oscillator signals overbought conditions.
: monitor the price movement in …
The pair remains in a short-term uptrend. It continues to grow in the wake of the US dollar fundamental weakness due to various stimulus measures and the FED’s ultra-soft monetary policy. This growth will continue in the short term.
Technical side:
The price is located at the level of …
Tuesday, May 18th, today’s news— The Fed maintains its easy monetary policy amid weak US employment data. Deputy Chairman of the US Federal Reserve System (FRS) Richard Clarida believes that the COVID-19 pandemic has become an unprecedented shock for the American economy, and the recovery of economic activity after the …
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