AUDUSD
The pair is consolidating below 0.7200 as the ADP data for the previous month is expected to be released in the US, while the services business activity index is also to be published. If the data is favorable, the pair will be likely to resume its local fall.
The …
EURUSD
The pair remains in downtrend due to the USD’s stronger positions and the difference of the interest rates between the Fed and the ECB, not in favor of the latter.
The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is enterubg the oversold …
EURUSD
The pair is still under pressure as the Chinese economy growth is slowing down, which may cause the same for the world economy, while the Fed is expected to keep raising the interest rates. Another factor is the reached USA-Canada trade deal which will allow the US to focus …
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