21.08.2020
The pair found support at 1.1830 thanks to a change in market sentiment on Thursday, despite the high number of jobless claims in the US and weak manufacturing data from the Philadelphia Fed. If the market sentiment improves, the US dollar will weaken across the entire Forex market.
Technical side:
The price is below the middle Bollinger band, above the SMA 5, but still below the SMA 14. RSI is above the 50% level. Stoch are in the overbought zone and indicate a weaker growth.
EURUSD rate online: monitor the price movement in real time.
Trading recommendations:
Buy after the pair goes above 1.1900 with a possible further growth to 1.1950, and then to 1.2000.
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