09.07.2020
The pair broke out of the range of 1.1190–1.1345 where it’s been for some time. The pair is supported by the hopes that the recovery fund plan will be approved at the EU summit on July 18th.
Technical side:
The price is above the upper Bollinger band, above SMA 5 and SMA 14. Moving Averages suggest buynig. RSI is under the overbought zone and rising. Stoch enter the overbought zone.
EURUSD rate online: monitor the movement of the pair in real time.
Trading recommendations:
If the price fixes above 1.1345, it will continue further up to 1.1420 with a possible increase to 1.1500.
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