The pair is trading below 1.1960 after yesterday’s 1.2000 and the following drop amid the local stock sell-off, and the overall decrease in risk appetite among investors.
Technical side:
The price is above the middle Bollinger band, above SMA 5 and SMA 14. RSI is above the 50% level and indicates a weaker growth. Stoch are turning up.
#EURUSD rate online: monitor the price movement in real time.
Trading recommendations:
Sell the pair if it breaks the 1.1960 with a likely drop to 1.1900.