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Forex forecast EUR / USD trading plan for traders today 08/19/2020

article37079.jpg

The EUR / USD pair broke out of the range above 1.1900 on the wave of positive data on the US economy, which is currently playing against the US currency, causing demand for risky assets and sales of US Treasury bonds.

 

 

Technical picture EURUSD: The
price is above the middle line of the Bollinger indicator, below the SMA 5, but above the SMA 14. The relative strength index RSI is coming out of the overbought zone. Stoch are also declining.

EURUSD rate online

Recommendations for trading EURUSD trading plan:
There is a possibility of a correction down to 1.1900. If the EURUSD pair holds above this level, then it will continue to rise to 1.2000.

 

Analytics Grand Capital

 

Analytical reviews and comments to them reflect the subjective opinion of the authors and are not a recommendation for trading. Forex Special is not responsible for possible losses in case of using the review materials.

 

 

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