The pair is trading above 1.1865. If the US consumer inflation data, which will be published today, shows its growth, expect a local pressure on the pair with a subsequent decline.
Technical side:
The price is located below the middle Bollinger band, below SMA 5 and SMA 14. RSI …
#VRTX
The overall trend is upward. The descending pattern is truncated. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator signals oversold conditions. Breaking through the price pivot zone of 220.38 will result in the formation of an ascending wave pattern, where the wave (A) broke through the inclined channel …
Tuesday, March 9th, today’s news—Dow futures continue to rise after yesterday's 300-point rally. European and Asian markets are mixed, oil falls, dollar is weaker but still supported, Treasury yields retreat, gold is up. The price of Brent oil is $68.63, WTI—$65.36, EUR/USD is at 1.1898, GBP/USD—1.3887, gold is $1,700.70 per ounce. Read …
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