The EURUSD pair approached the main target at the value of 1.0000, continuing the descending path extended for nearly a month. Therefore, the price is likely to be able to break this level and the target will be 0.9950.
Therefore, the bearish scenario continues to exist and is effective during …
The support level 0.8432 and the lower border of the Ichimoku cloud restrain sellers. The descendant wave structure is truncated. Awesome Oscillator indicates bullish divergence, and Stochastic Oscillator signals oversold conditions.
Trading idea:
Buy when the ascendant wave structure forms, where the wave (A) breaches through the inclined channel of …
Commodities market
Oil prices continue to fall as COVID-19 once again floods China, the biggest crude importer. Brent crude futures were down 1.3%, and WTI crude futures slid 1.4%.
Key tickers:
Brent: 105.57 — strong sell.
WTI: 102.48 — strong sell.
NG: 6.510 — strong buy.
Foreign exchange market
The …
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