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
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