On the W1 timeframe, the currency pair is trading in the range of the upper limit of the descending price channel. On the H1 TF, a bullish divergence has formed, and Stochastic Oscillator signals overbought conditions.
monitor the price movement in real time.
Trading idea:
Sell …
The pair is trading below 1.1955 amid a stronger US dollar, which is supported by the growth in the yield of US treasuries, which in turn are growing after the approval of new support measures by Joe Biden on Thursday.
Technical side:
The price is located above the middle …
Thursday, March 11th, today’s news—global markets rise as the $1.9 trillion stimulus package passes final approval in the US. Treasury yields fall, European markets await the ECB meeting, Dow futures are up more than 100 points, Joe Biden to announce the next phase of economic relief today, dollar is weaker, …
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