28.05.2020
The pair is consolidating above the strong support level of 1.0985. Expect the price to continue to increase despite a possible slight correction, as investors move away from dollar assets and start buying risk assets more actively, including those denominated in euros.
Technical side:
The price is above the middle Bollinger band, above SMA 5 and SMA 14. RSI is under the overbought zone and moves horizontally. Stoch point to a weaker growth.
Trading recommendations:
Buy the pair after a corrective decline to 1.0985, but only if this level holds. Expect the pair to resume rising to 1.1040.
The EURUSD rate online: monitor the movement of the pair in real time.
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