years on the market

EURUSD technical analysis

EURUSD

The pair is trading below 1.2100 due to the stronger US dollar, which is supported by an increase in the yield of US government bonds.

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 declining. Stoch exiting the oversold zone are growing.

Trading idea:

If the pair doesn’t hold above 1.2060, it will resume a local decline to 1.2000.

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