03.08.2020
The pair is trading above 1.1740 ahead of the release of important inflation data in the eurozone and employment data in the US. The pair may correct up if it falls below this level. At the same time, the growth of positive sentiment in the markets will support it again.
Technical side:
The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is just above the 50% level, showing an upward turn. Stoch also indicate this probability.
EURUSD rate online: monitor the price movement in real time.
Trading recommendations:
If the pair holds above the 1.1740, it will grow towards 1.1900. At the same time, if it falls below this level, it may fall further to 1.1695.
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