07.08.2020
The pair is consolidating, forming a "rising flag" pattern, which can be finished by a price surge. Despite the local strengthening, the US dollar is still fundamentally weak against the euro.
Technical side:
The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is below the 50% level.
Stoch are tuning up.
EURUSD rate online: monitor the price movement in real time.
Trading recommendations:
Buy the pair at the breakout level of 1.1800 with likely growth to 1.1915.
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