03.03.2020
The increase in oil prices is supported by the expectation that the Fed will lower the interest rates, which will weaken the dollar on the one hand and stimulate demand for risk assets on the other.
The price is below the middle Bollinger band, at SMA 5, but below SMA 14. RSI is below the 50% level and moves horizontally. Stoch are growing.
Trading recommendations:
If the pair holds below the level of 1.3345, consolidates below it, it will continue to drop to 1.3270.
Thank you for subscribing to our analytics
You already subscribed
Don't have your language?
