02.10.2020
The pair is consolidating in a narrow range of 1.1700–1.1750 ahead of the new US employment data. If the numbers are higher than expected, then the pair will go up amid the rising demand for risk assets following a period of warm-up and decline. If the numbers are low, the opposite is expected.
Technical side:
The price is above the lower Bollinger band, above SMA 5 and SMA 14. RSI is above the 50% level and is moving horizontally. Stoch are below the 50% level and uninformative.
EURUSD rate online: monitor the movement of the pair in real time.
Trading recommendations:
Sell the pair with its probable decline to 1.1615 after a decline below 1.1700. In the opposite scenario, buy after it goes above 1.1750 with a likely increase to 1.1810.
Thank you for subscribing to our analytics
You already subscribed
Don't have your language?
