22.10.2020
The pair may correct downwards as the demand shifts from risk assets to safe-haven currencies: dollar, yen, the Swiss franc. The main negative factor is the lack of progress in the stimulus talks between Democrats and Republicans.
Technical side:
The price is above the middle Bollinger band, below SMA 5, but still above SMA 14. RSI is below the overbought zone. Stoch are dropping.
EURUSD rate online: monitor the price movement in real time.
Trading recommendations:
Sell the pair with a local target of 1.1800 after it goes below 1.1840.
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