The pair remains sideways amid an established balance between the strengths and weaknesses of the US dollar and the euro, which will result in the prolonged period of consolidation.
Technical side:
The price is located below the lower Bollinger band, above SMA 5, but below SMA 14. RSI is …
#HUM
The overall trend is upward. A bullish divergence has formed on Awesome Oscillator, and the moving averages Stochastic Oscillator have left the oversold zone and are directed upwards. The breakout of 390.0 will result in the formation of an ascending wave pattern.
Trade idea:
Buy above 390.0.
Stop Loss: …
Friday, February 26th, today’s news—global sell-off on the markets prompted by a sharp spike in Treasury yields. Japan's Nikkei 225 is down by nearly 4%, American and Asian stocks suffer worst fall in several months, oil is down 1%, dollar is stronger. The price of Brent oil is $65.47, WTI—$62.94, EUR/USD …
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