23.12.2020
The pair is consolidating in the range of 1.2125–1.2270 amid the high volatility in markets caused by numerous conflicting factors, such as the coronavirus pandemic, a new COVID-19 stain in the UK, a new stimulus package in the US, the vaccination in the West, and recovery hopes in the coming year.
Technical side:
The price is located below the middle Bollinger band, above SMA 5, but below SMA 14. RSI is below the 50% level and is turning down. Stoch are turning up.
EURUSD rate online: monitor the price movement in real time.
Trading idea:
The pair will be trading in the 1.2125–1.2270 range today. Sell it on growth with a target of 1.2125.
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