19.05.2020
News of another successful coronavirus vaccine trial in the US supports the demand for risk assets and puts pressure on the dollar. Also, the proposal of France and Germany to create a 500 billion euros recovery fund to help the most affected countries in the eurozone, supports the EUR rate.
Technical side:
The price is above the upper Bollinger band, above SMA 5 and below SMA 14. RSI enters the overbought zone. Stoch are already in this zone.
Trading recommendations:
The pair will continue growing locally towards the upper limit of the 1.0760–1.1015 range.
The EURUSD rate online: monitor the movement of the pair in real time.
Thank you for subscribing to our analytics
You already subscribed
Don't have your language?
