The pair may correct downwards as the demand shifts from risk assets to safe-haven currencies: dollar, yen, the Swiss franc. The main negative factor is the lack of progress in the stimulus talks between Democrats and Republicans.
Technical side:
The price is above the middle Bollinger band, below SMA …
The 29.50 resistance level is holding back buyers. An ascending truncated pattern has formed. Awesome Oscillator indicates a bearish divergence, while Stochastic Oscillator signals an overbought condition.
: monitor the price movement in real time.
Trading recommendations:
Sell when a descending wave pattern has formed, where …
The 137.76 resistance level is holding back buyers. At the moment, the ascending patterns of the H8 and H2 levels are truncated. A bearish divergence has formed on Awesome Oscillator, while Stochastic Oscillator indicates an overbought condition.
monitor the price movement in real time.
Trading recommendations: …
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