Thursday, March 11th, today’s news—European markets are once again down as Treasury yields rise and COVID worries mount. American stocks also fall following S&P 500's record close and Joe Biden's singing the $1.9 trillion economic relief bill, oil is weaker, but still trading near $70, dollar gains, euro and pound …
On the W1 timeframe, the currency pair is trading in the range of the upper limit of the descending price channel. On the H1 TF, a bullish divergence has formed, and Stochastic Oscillator signals overbought conditions.
monitor the price movement in real time.
Trading idea:
Sell …
The pair is trading below 1.1955 amid a stronger US dollar, which is supported by the growth in the yield of US treasuries, which in turn are growing after the approval of new support measures by Joe Biden on Thursday.
Technical side:
The price is located above the middle …
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