In my opinion, the trend will correct to a slight correction. Will continue to sell down
The pair broke out of its short-term uptrend amid growing concern that the UK and the EU would not be able to agree on future mutual trade terms at the end of the transition period on. December 31, 2020. This uncertainty will push the pound down against the US dollar.
Technical side:
- The price is below the middle Bollinger band
- RSI is in the oversold zone and increasing. Stoch also opened up above.
- MA10 has cut MA20 going down, plus the above MA50
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Wishing everyone a happy and happy weekend!
The pair broke out of its short-term uptrend amid growing concern that the UK and the EU would not be able to agree on future mutual trade terms at the end of the transition period on. December 31, 2020. This uncertainty will push the pound down against the US dollar.
Technical side:
- The price is below the middle Bollinger band
- RSI is in the oversold zone and increasing. Stoch also opened up above.
- MA10 has cut MA20 going down, plus the above MA50
Leave me a comment or like to keep my content free and lively.
Wishing everyone a happy and happy weekend!
Note
Note
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.