15.05.2020
The pair has formed an ascending flag trend continuation pattern. It’s likely to continue to decline amid the Germany-EU dispute over the massive stimulus measures, which may either lead to a euro oversupply in the European financial system due to massive asset purchases by the ECB, or endanger the very existence of the monetary union.
Technical side:
The price is below the middle Bollinger band, at SMA 5 and below SMA 14. RSI is below the 50% level and is turning down. Stoch indicate a weaker growth.
Trading recommendations:
Expect the pair to continue to decline to 1.0725.
EURUSD rate online: monitor movement of the pair in real time.
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