The pair remains under pressure amid falling demand for risk assets. The dollar is supported by the fears of new COVID-19 restrictions, pre-election tensions in the US, and an evident slowdown in the global economic recovery.
Technical side:
The price is below the middle Bollinger band, below SMA 5 …
The overall trend is downward. The currency pair is trading in the range of 365 and 135 moving averages. The ascending M30 level pattern is currently truncated. Awesome Oscillator indicates a bearish divergence, while Stochastic Oscillator indicates an overbought condition.
monitor the price movement in real …
CISCO continues its downward movement, as it closed yesterday's trading with a strong decline, and breached the support level of 38.48. Thus, the price confirms the downside path it is moving within.
The trading stabilized below the moving averages, which are pressuring the price for further decline, which supports expectations …
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