The pair found support at 1.1760. If the German IFO business climate index's data increases, and the values of the basic index of personal consumption expenditures in the US on the contrary don’t grow, the pair may continue to recover.
Technical side:
The price is located below the middle …
Thursday, March 25th, today’s news—European and Asian markets are mixed, pandemic and lockdown concerns continue to weigh. Tech stocks in Asian fall, new Germany data points to improved consumer morale and factory activity, American stocks rise. The price of Brent oil is $63.30, WTI—$59.92, EUR/USD is at 1.1805, GBP/USD—1.3688, gold is …
The overall trend is downward. The ascending wave pattern is truncated. A bearish divergence has formed on Awesome Oscillator, and the moving averages of Stochastic Oscillator are directed downwards from the overbought zone.
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Trading idea:
Sell when a descending …
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