05.11.2020
The pair is trading above 1.1730 in anticipation of the US presidential election result, as well as the Fed’s monetary policy meeting. The pair will be supported by the final election results and the Fed’s soft monetary policy.
Technical side:
The price is located above the middle Bollinger band, above SMA 5 and SMA 14. RSI is above the 50% level and growing. Stoch are entering the overbought zone.
EURUSD rate online: monitor the price movement in real time.
Trading recommendations:
Buy the pair with its probable growth to 1.1800.
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