02.11.2020
The pair declines as the demand for risk assets falls and investors are cautious ahead of the US presidential election amid the second wave of the COVID-19 pandemic.
Technical side:
The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is on the border of the oversold zone. Stoch are also in this zone, but are uninformative.
EURUSD rate online: monitor the price movement in real time.
Trading recommendations:
Expect the price to continue down to 1.1615, and then to 1.1585.
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