The currency pair is trading in the range of the lower limit of a flat range. The descending H4 level pattern and the descending down H1 level pattern are currently truncated. Probably a reversal wave pattern is formed. A bullish divergence has formed on Awesome Oscillator, and Stochastic Oscillator …
The pair is declining amid the low oil stockpiles in the US, as seen from the released data. Another negative factor for the pair is the weak US dollar and the positive outlook for commodity assets as the global economy recovers.
Technical side:
The price is below the middle …
Tuesday, December 29th, today’s news—optimism dominates the markets after the new stimulus package in the US was signed and post-Brexit trade deal was reached. American, European, and Asian markets trade higher, Dow futures are up more than 100 points after the record-setting rally on Wall Street, oil rises, dollar is …
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