EURUSD technical analysis 10.06.2020

EURUSD

If the Fed’s meeting results in a decision to preserve the soft monetary policy aimed at the recovery of the national economy, and Jerome Powell confirms it at the press conference, expect the US dollar to resume decline.

Technical side:

The price is above the middle Bollinger band, above SMA 5 and SMA 14. RSI is below the overbought level and turns up. Stoch are in the overbought zone and uninformative.

Trading recommendations:

If the pair rises above 1.1360, expect a local growth to 1.1450.

The EURUSD rate online: monitor the movement of the pair in real time.