Arrow returns to the upside move, as the price is testing the resistance 340.85 after testing the support level of 330.70 to the downside, and it reached the support level near the SMA 50. Which is moving near the major support at 330.50.
The stochastic oscillator approached the overbought zone, …
The pair is turning down against the backdrop of the stronger US dollar as the demand for risk assets has increased due to hopes of Democrats and Republicans agreeing on new stimulus package to support the American economy and citizens.
Technical side:
The price is located above the middle …
The overall trend is upward. The currency pair is trading in the range of 365 and 135 moving averages. The downward pattern ended with the breakout of the inclined channel (aC wave). A breakout of the top (aC) will result in the formation of an ascending wave pattern within …
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