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EURUSD technical analysis 24.09.2020

EURUSD

The pair remains under pressure amid falling demand for risk assets. The dollar is supported by the fears of new COVID-19 restrictions, pre-election tensions in the US, and an evident slowdown in the global economic recovery.

Technical side:

The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is above the oversold zone. Stoch are also there and are uninformative.

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

Trading recommendations:

Sell the pair after it crosses 1.1650 with a likely drop to 1.1600.

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