The pair is consolidating above 1.2100. If it stays above this level, then there is a possibility of resuming its growth, if not today, then next week.
Technical side:
The price is located below the middle Bollinger side, below SMA 5 and SMA 14. RSI is below the 50% …
Thursday, April 29th, today’s news—the Fed maintains dovish monetary policy, keeps the interest rate unchanged. Global markets rise, Apple and Facebook earnings beat estimates, oil prices rise, dollar is down. The price of Brent oil is $67.29, WTI—$64.33, EUR/USD is at 1.2115, GBP/USD—1.3938, gold is $1,777.10 per ounce. Read the daily selection of …
The price of gold rose strongly after building a base on the level of 1765.00, to surpass the minor resistance level that appears in the image and confirms the revival of the positive scenario again, on its way to visit the levels of 1800.00 then 1838.00 as next main targets. …
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