19.08.2020
The pair broke out of the range above 1.1900 on positive US economic data, which is currently playing against the dollar, boosting the demand for risk assets and sell-offs of the US Treasury bonds.
Technical side:
The price is above the middle Bollinger band, below SMA 5, but above SMA 14. RSI is coming out of the overbought zone. Stoch are also declining.
EURUSD rate online: monitor the price movement in real time.
Trading recommendations:
A downward correction to 1.1900 is possible. If the pair holds above this level, it will continue to grow towards 1.1000.
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