Monday, April 12th, today’s news—global markets retreat ahead of the earnings season and a flurry of important economic data releases. Oil is down amid the pandemic-related demand concerns, Jerome Powell said the Fed is highly unlikely to raise rates this year, but expressed optimism over the economic growth, Treasury yields fall, …
The pair is consolidating above 1.1880 amid positive sentiment in the markets, which support the demand for risky assets and at the same time put pressure on the dollar as the funding currency.
Technical side:
The price is located above the middle Bollinger band, at the level of SMA …
The overall trend is upward. The currency pair is trading in the range of the lower limit of the ascending price channel. The descending pattern of the H4 level is truncated. A bullish divergence has formed on Awesome Oscillator.
monitor the price movement in real time. …
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