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EURUSD technical analysis 04.08.2020

EURUSD

The pair holds above 1.1740 amid the positive economic data from Europe, which helped stoke optimism among investors over the region’s economic recovery and even growth.

Technical side:

The price is below the middle Bollinger band, above SMA 5, but still below SMA 14.RSI crosses the
level of 50% and suggests buying. Stoch are also growing steadily.

EURUSD rate online: monitor the price movement in real time.

Trading recommendations:

The pair may grow to 1.1900, if positive market sentiment persists.

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