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EURUSD technical analysis 29.12.2020

EURUSD

The pair remains in a short-term uptrend as Brexit deal brings stability, while the new support package in the US also weakens the dollar.

Technical side:

The price is above the middle Bollinger band, above SMA 5 and SMA 14. RSI is above the 50% level and continues to grow. Stoch have turned up.

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

Trading recommendations:

If the price goes above 1.2250, it will rise further to 1.2300.

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