02.07.2020
The pair is consolidating ahead of the US employment numbers release. If they are positive, the pair is expected to rise locally as the dollar loses demand as a safe haven currency.
Technical side:
The price is above the middle Bollinger band, above SMA 5 and SMA 14. Moving Averages suggest buying. RSI is above 50% and indicates possible further rise. Stoch are below the overbough zone and are uninformative.
EURUSD rate online: monitor the price movement in real time.
Trading recommendations:
The pair is highly likely to rise to 1.1350 amid the positive employment numbers in the US.
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