The currency pair is trading in the range of the upper limit of the descending price channel. The inclined channel of the ascending pattern is broken. Stochastic Oscillator indicator signals overbought conditions. A breakout of 104.08 will result in the formation of a descending pattern of 1-2-3.
Monday, January 11th, today’s news—pessimism returns to the markets as China reports the highest number of new cases in five months. European and American markets are down, oil is lower, Treasury yields and dollar rise. The price of Brent oil is $55.45, WTI—$51.99, EUR/USD is at 1.2186, GBP/USD—1.3510, gold is $1,849.40 per …
Google shares returned to rise after testing the support level 1710.60, which is the level at which the new year opened. And that after trading opened on a rising gap.
Consequently, the stock continues the uptrend movement in an attempt to retest the top . 1840
The moving averages support …
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