23.06.2020
The pair receives support amid the rising demand for risky assets after a statement by Donald Trump’s trade adviser Peter Navarro, who said on Tuesday that the US is not ending trade relations with China. This positive signal can be supported by the pair along with the data on business activity indices published today in the manufacturing and non-manufacturing sectors of Germany and the eurozone, if they turn out to be no worse than expected.
Technical side:
The price is above the middle Bollinger band, at SMA 50 and above SMA 14. RSI is above the 50% level and moves horizontally. Stoch indicate a weakening of the price growth.
Trading recommendations:
The growth of the pair above the level of 1.1280 may lead to its further growth to 1.1350.
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?
