Friday, February 19th, today’s news—pound sterling hits $1.40 for the first time in three years, retail sales are down in the UK. Oil dips on fears of rising OPEC supply, European and Asian markets are mixed, eurozone business activity is down, but manufacturing grows, dollar weakens as a disappointing jobless …
The trend is upward. The currency pair is trading in the range of 365 and 135 moving averages. Awesome Oscillator shows bullish divergence, while Stochastic Oscillator signals oversold conditions.
monitor the price movement in real time.
Trading idea:
Buy when an ascending wave pattern os formed, …
The pair is trading below the level of 105.60. It’s under pressure from the decline in demand for risky assets and the resumption of the global weakening of the dollar in the Forex market.
Technical side:
The price is located below the middle Bollinger band, below the PMA 5 …
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