The pair remains under pressure amid falling demand for risky assets ahead of the Fed's monetary policy meeting. The pair may continue its decline if the negative sentiment in the markets persists.
Technical side:
The price is located below the middle Bollinger band, below SMA 5 and SMA 14. …
The overall trend is upward. The currency pair is trading in the range of 365 and 135 moving averages. The descending pattern of the H2 level is truncated. Awesome Oscillator shows a bullish divergence.
monitor the price movement in real time.
Trading idea:
Buy when an …
Monday, January 25nd, today’s news—European, American, Asian markets rise on positive earnings reports, economic data, and a new stimulus package in the US. Oil is up, dollar weakens, the Fed's meeting is in focus. The price of Brent oil is $55.58, WTI—$52.67, EUR/USD is at 1.2149, GBP/USD—1.3675, gold is $1,854.95 …
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