Wednesday, August 19th, today’s news—S&P 500, an index that includes stocks of large American companies, hit a new all-time high, trading closed at 3,389.78. Asian and European markets are behind, US Treasury yields and the dollar weaken ahead of the Fed's meeting minutes. The price of Brent oil is $45.08, …
The pair broke out of the range above 1.1900 on positive US economic data, which is currently playing against the dollar, boosting the demand for risk assets and sell-offs of the US Treasury bonds.
Technical side:
The price is above the middle Bollinger band, below SMA 5, but above …
The currency pair is trading at the upper bound of the descending price channel. An ascending truncated H2 level pattern has formed. Awesome Oscillator indicates a bearish divergence, while Stochastic Oscillator indicates an overbought condition.
: monitor the price movement in real time.
Trading recommendations:
Sell …
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