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EURUSD technical analysis 30.11.2020

EURUSD
The pair is technically overbought. It can turn down and noticeably correct amid the overall market correction.
Technical side:
The price is above the middle Bollinger band, above SMA 5 and SMA 14. RSI is moving out of the overbought zone. Stoch are also turning down in the overbought zone.
EURUSD rate online: monitor the price movement in real time.


Trading recommendations:
Sell the pair if it breaks 1.1962 with a likely drop to 1.1900 (23% Fibonacci retracement).

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