24.09.2020
The pair remains under pressure amid falling demand for risk assets. The dollar is supported by the fears of new COVID-19 restrictions, pre-election tensions in the US, and an evident slowdown in the global economic recovery.
Technical side:
The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is above the oversold zone. Stoch are also there and are uninformative.
EURUSD rate online: monitor the price movement in real time.
Trading recommendations:
Sell the pair after it crosses 1.1650 with a likely drop to 1.1600.
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