14.10.2020
EURUSD
The pair continues to correct downwards as the demand for dollar rises while investors abandon risk assets. If the European stock market corrects down, the pair will continue to decline.
Technical side:
The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is below 50% and is turning down. Stoch are in the oversold zone and uninformative.
EURUSD rate online: monitor the price movement in real time.
Trading recommendations:
If the price drops below 1.1730, it will go further down to 1.1680.
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