10.07.2020
The pair is balancing near 1.1260 amid falling risk appetite in financial markets and growing demand for the dollar as a safe-haven currency. If market sentiment doesn't improve, the pair will continue to decline. At the same time, a positive turn of sentiment will result in further growth.
Technical side:
The price is below the middle Bollinger band, below SMA 5 and SMA 14. Moving Averages suggest selling. RSI is below the 50% level, moving horizontally. Stoch are in the oversold zone.
EURUSD rate online: monitor the price movement in real time.
Trading recommendations:
If the price holds above 1.1260, it may rise to 1.1345. If it drops below this level, it will continue down to 1.1190.
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