04.05.2020
The pair dropped due to the claims to Beijing from the US and Donald Trump personally in hiding the spread of the coronavirus epidemic in the country. This caused a drop in demand for risky assets and led to the strengthening of the dollar as a safe-haven currency. If these claims remain only in the US President rhetoric, the pair will resume growth again, and in the meantime, a local increase in the price is possible.
Technical side:
The price is above the middle Bollinger band, below SMA 5, but above SMA 14. RSI is above 50% and is turning up. Stoch are entering the oversold zone.
Trading recommendations:
If the pair holds above the 1.0925 with the opening of trading in Europe, it may rush towards 1.0000.
The EURUSD rate online: monitor the movement of the pair in real time.
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