The recovery of crude oil prices amid the extremely positive PMI in China, which rose above the key value of 50 to 52.0, may put pressure on the pair and contribute to its local decline. Rising stock indices and demand for risk assets will also contribute to this.
The …
The overall trend is downward. The 215.0 level is holding back buyers. A start fractal has formed below the 135 moving average. Bearish divergence formed on the Awesome Oscillator indicator, and Stochastic Oscillator indicator showed an exit from the overbought zone.
Trading recommendations:
Sell on the breakout of the …
The US dollar rose during the Asian session to witness its bounce for the second consecutive session from the lowest since March 18 against the Japanese yen after the developments and economic data that it reported on the Japanese economy and on the cusp of developments and economic data expected …
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