10.09.2020
The pair turned upwards amid strong demand for risk assets, while a positive outlook for the eurozone economy is expected from Christine Lagarde. The ECB isn’t expected to change its monetary policy, which will support the single currency, considering the possible optimism from the President of the European regulator.
Technical side:
The price is above the middle Bollinger band, above SMA 5 and SMA 14. Moving averages intersect and suggest buying. RSI has crossed the level of 50%, which also suggests buying. Stoch also grow.
EURUSD rate online: monitor the price movement in real time.
Trading recommendations:
Buy the pair after it goes above 1.1840 with a possible further increase to 1.1900.
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