The pair remains above the strong support level of 1.2135 amid the renewed growth in the yield of US treasuries, which supports the dollar. This trend may negatively affect the pair’s further growth.
Technical side:
The price is located below the middle Bollinger band, below SMA 5 and SMA 14. RSI is below the 50% level and is moving horizontally. Stoch unfold up.
EURUSD rate online: follow the movement of the pair in real time.
Trading recommendations:
If the pair doesn’t hold above 1.2135, it may cause a further drop to 1.2080.