27.11.2020
The pair can’t get past 1.1930 amid the persisting problems related to the COVID-19 pandemic in Europe. The lack of news about new support measures for the US economy and its citizens doesn’t weaken the dollar. In addition, Thanksgiving in the US has significantly reduced the activity of investors.
Technical side:
The price is above the middle Bollinger band, above SMA 5 and SMA 14. RSI is above the 50 % level and is turning down. Stoch are still growing.
EURUSD rate online: monitor the price movement in real time.
Trading recommendations:
Sell the pair if it doesn’t break through 1.1930 with a likely drop to 1.1860 (a Fibonacci retracement of 23%).
Thank you for subscribing to our analytics
You already subscribed
Don't have your language?
