The pair broke out of a short-term uptrend amid the growing concerns in the market that the UK and the EU will not be able to agree on the terms of mutual trade at the end of the transition period on December 31, 2020. This uncertainty will push sterling …
The overall trend is downward. The currency pair is trading in the range of 365 and 135 moving averages. The ascending pattern is truncated. Awesome Oscillator indicates a bearish divergence, while Stochastic Oscillator signals an overbought condition.
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The overall trend is upward. The downward, presumably corrective pattern ended with a breakout of the inclined channel. Awesome Oscillator indicates a bullish divergence, while Stochastic Oscillator indicates an oversold condition. A breakout of the resistance level of 416.00 will result in the formation of an upward wave pattern …
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