29.09.2020
The pair may continue to rise locally as the demand for risk assets and stocks remains strong. Markets hope that the $2.4 trillion stimulus plan for the citizens and businesses proposed last week by the Democratic Party will support the positive sentiment. The dollar will remain under pressure if these conditions persist.
Technical side:
The price is above the middle Bollinger band, above SMA 5 and SMA 14. Moving Averages suggest buying. RSI is at 50%. Stoch are entering the overbought zone.
EURUSD rate online: monitor the price movement in real time.
Trading recommendations:
Buy the pair after it crosses 1.1680 with a further growth to 1.1710.
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