04.09.2020
Today, the market is focused on the US employment data. If the number of new jobs is higher than predicted, the pair may be supported as the demand for risk assets grows. At the same time, negative figures may put pressure on the pair, but it will be limited due to the fundamental weakness of the US currency.
Technical side:
The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is below the 50% level and is turning down. Stoch are also turning downwards.
EURUSD rate online: monitor the price movement in real time.
Trading recommendations:
If the price drops below 1.1835, it will go further down to 1.1795. Meanwhile, in case of positive data, the pair will likely grow to 1.1900.
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