12.10.2020
The pair is trading below 1.1830 after a local rise amid the chronically weak dollar due to stable expectations in the market that the after the election, the winner of the presidential race will be forced to give the green light to new measures to support the US economy.
Technical side:
The price is above the middle Bollinger indicator, at the level of SMA 5 and above SMA 14. RSI is under the oversold zone and moves horizontally. Stoch went down from the oversold zone.
EURUSD rate online: monitor the price movement in real time.
Trading recommendations:
The pair may correct down to 1.1790 before resuming growth to 1.1870.
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