13.10.2020
The pair remains in a short-term uptrend amid the chronically weaker US dollar. From a technical point of view, it’s located at a kind of a bifurcation point, when it can continue to drop after breaking the support line or turn up and resume the upward trend.
Technical side:
The price is on the middle Bollinger band, below SMA 5 and SMA 14. Moving Averages suggest selling, intersecting. RSI is above 50% and is gradually declining. Stoch are dropping down.
EURUSD rate online: monitor the price movement in real time.
Trading recommendations:
A drop in the price below 1.1790 will result in the further drop to 1.1750. At the same time, if the price remains above this level, it can turn up and rush to 1.1870.
Thank you for subscribing to our analytics
You already subscribed
Don't have your language?
