The overall trend is upward. The round secondary level of 1.0680 held back sellers. Awesome Oscillator shows bullish divergence, while Stochastic Oscillator signals oversold conditions. The descending pattern is truncated and the "hammer" reversal pattern is formed on the H4 timeframe.
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The pair dropped to the lower limit of the short-term downtrend due to the overall drop in stock indexes. The pair is actually balancing at the bifurcation point. If negative sentiment persists in the market today, the pair will continue its decline. At the same time, an improvement sentiment …
Wednesday, January 27th, today’s news—global stocks are mixed as the pandemic-related uncertainty weighs on the markets, earnings reports are in focus. Shares of Microsoft and other American tech giants shares are up following a strong report, dollar is stronger, investors await the results of the Fed's meeting. The price of …
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