22.09.2020
The pair dropped to the lower limit of the range 1.1740–1.1915 amid concerns over new coronavirus restrictions in several countries around the world. The US dollar gains support as a safe haven currency. This situation will persist as long as the second wave of the pandemic hangs over the countries.
Technical side:
The price is located below the middle Bollinger band, below SMA 5 and SMA 14. RSI is below the 50% level and is declining. Stoch are below the 50% level and are turning down.
EURUSD rate online: monitor the price movement in real time.
Trading recommendations:
Sell the pair locally after it drops below 1.1740 with a likely decline to 1.1700.
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