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EURUSD technical analysis 26.11.2020

EURUSD

The risk appetite still weighs on the American dollar as investors turn to stocks. The situation is likely to persist, and this means the pair will continue to rise.

Technical side:

The price is above the middle Bollinger band, above SMA 5 and SMA 14. RSI is below 50% and is rising smoothly. Stoch are in the overbought territory.

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

Trading recommendations:

Buy the pair after a breakout of 1.930 with a possible further rise to 1.2000.

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