16.07.2020
The pair is trading below the 1.1415 ahead the ECB's monetary policy decision, to be made today. The central bank is expected to leave interest rates and the monetary policy unchanged, which will stimulate the demand for risk assets and the euro amid the hopeful outlook for the recovery fund and the possible early start of production of the coronavirus vaccine.
Technical side:
The price is above the middle Bollinger band, below SMA 5, but above SMA 14. RSI is located under the overbought zone and is gradually declining. Stoch indicate a weaker decline.
EURUSD rate online: monitor the price movement in real time.
Trading recommendations:
A breakout of the 1.1415b amid the optimism will result in further growth to 1.1500.
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