24.08.2020
The pair is consolidating above the 1.1755 following the uncertainty about future developments in the currency markets. It forms a pattern of continuation of the "rising flag" trend, which is a signal for a possible continuation of the upward movement of the price.
Technical side :
The price is below the middle Bollinger band, above SMA 5, but still below SMA 14. RSI is below the 50% level and moves horizontally. Stoch unfold up.
EURUSD rate: monitor the price movement in real time.
Trading recommendations:
Expect the pair to turn up to 1.1965. But if it falls below the 1.1755, it will fall to 1.1700.
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