The COVID-19 situation forces investors to exercise caution, which is expressed in limited purchases and sales of assets. The factor of uncertainty still hangs over the markets. The expected extremely weak US employment data from ADP today and from the Department of Labor on Friday puts pressure on the …
The recovery of crude oil prices amid the extremely positive PMI in China, which rose above the key value of 50 to 52.0, may put pressure on the pair and contribute to its local decline. Rising stock indices and demand for risk assets will also contribute to this.
The …
The overall trend is downward. The 215.0 level is holding back buyers. A start fractal has formed below the 135 moving average. Bearish divergence formed on the Awesome Oscillator indicator, and Stochastic Oscillator indicator showed an exit from the overbought zone.
Trading recommendations:
Sell on the breakout of the …
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