05.02.2020
The pair remains in a short-term uptrend caused by the falling demand for crude oil as the consumption rates are expected to drop due to the new coronavirus in China. If the current market sentiment remains, the pair will be pushed upwards.
The price is above the middle Bollinger band, above SMA 5 and SMA 14. RSI is in the overbought zone again. Stoch show the same dynamic.
Trading recommendations:
The pair may continue to rise to 1.3345 after rising above 1.3300.
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