Aeroflot continues to move below the support level 71.10, which it breached during the past week, confirming the break of this level, thus starting a bearish path.
Whereas, the price is moving below the average level of 20-50 after it managed to breach it this week, which is moving near …
The overall trend is upward. The currency pair is trading in the range of 365 and 135 moving averages. The descending pattern of the H1 level is truncated. A bullish divergence has formed on Awesome Oscillator, and Stochastic Oscillator signals oversold conditions.
monitor the price movement …
The pair is trading below the 1.3800 amid GDP data for the 4th quarter publication, as well as the values of production indicators. Negative data may force the pair to correct downward.
Technical side:
The price is located below the lower Bollinger band, below SMA 5 and SMA 14. …
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