25.05.2020
The pair continues to move in the range of 1.0760–1.1015 amid the internal economic problems in the eurozone, as well as the uncertainty created by Brexit and the US-Chinese confrontation.
Technical side:
The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is below the 50% level and is declining. Stoch are reversing in the oversold zone.
Trading recommendations:
The pair declined below 1.0885. Expect the price to go further down to the likely local target of 1.0760.
EURUSD exchange rate online: monitor the movement of the exchange rate in real time.
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