30.10.2020
The increasing demand for safe haven assets, including the dollar, weighs on the pair. If the market sentiment doesn’t improve, which is unlikely, the pair will resume falling amid the second wave of COVID-19 in Europe and the uncertainty around the presidential election in the US.
Technical side:
The price is below the middle Bollinger band, above SMA 5, but below SMA 14. RSI is above the oversold zone and moves horizontally. Stoch are rising confidently.
EURUSD rate online: monitor the price movement in real time.
Trading recommendations:
If the pair doesn’t rise above 1.1695, it will go further down to 1.1615.
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