15.07.2020
The pair continues to rally amid hopes of the EU reaching an agreement on the economic recovery fund. Another factor contributing to the pair’s growth is the dollar weakened by the rising demand for risk assets.
Technical side:
The price is above the middle Bollinger band, below SMA 5, but above SMA 14. RSI is under the overbought zone. Stoch leave this zone.
EURUSD rate online: monitor the price movement in real time.
Trading recommendations:
After reaching the local maximum of 1.1415, the pair may correct down to 1.1360 before continuing to rise to 1.1500.
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