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EURUSD technical analysis

17.12.2020

The pair resumed growth following the Fed’s meeting, which weakened the outlook for the dollar amid the positive expectations of economic growth in the near future, while Jerome Powell confirmed the reglator’s intention to continue to pursue an ultrasoft monetary policy for a significant period of time.

Technical side:

The price is above the upper Bollinger band, above SMA 5 and SMA 14. RSI is above the 50% level and is approaching the overbought zone. Stoch are already in this zone.

EURUSD rate online: monitor the price movement in real time.

Trading recommendations:

The pair will continue to rise to the level of 1.2300.

Author: admin

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