11.01.2021
The pair reached a local low of 1.2175 amid the falling demand for risk assets and rising Treasury yields. Expect a local increase in the pair today if the market sentiment turns positive.
Technical side:
The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is below the 50% level and is turning up. Stoch intersect in the oversold zone.
EURUSD rate online: monitor the price movement in real time.
Trading recommendations:
Buy the pair with its probable growth to 1.2270.
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