29.10.2020
The pair found support at 1.1745 amid the more positive sentiment in the stock markets after the Wednesday’s drop. If the positive sentiment prevails in the market today, and the stock markets continue to recover, expect the pair to grow locally.
Technical side:
The price is below the middle Bollinger band, above SMA 5, but below SMA 14. RSI is below the 50% level and is moving horizontally. Stoch are growing steadily.
EURUSD rate online: monitor the price movement in real time.
Trading recommendations:
If the pair stays below 1.1745, it will grow further to 1.1800.
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