The EURUSD pair is consolidating in the range of 1.1770-1.1850 in anticipation of J. Powell's speech at the Jackson Hole symposium. If he announces that the regulator will start targeting "average" inflation - this may support the dollar. At the same time, if he does not report anything new about the future monetary rate of the FRS, it will weaken the rate of the American currency.
Technical picture EURUSD: The
price is above the middle line of the Bollinger indicator, above the SMA 5 and SMA 14. The relative strength index RSI lies at the level of 50%. Stoch is in the overbought zone.
EURUSD rate online
Recommendations for trading EURUSD trading plan:
Negative for the dollar, the growth of the EURUSD pair to 1.1880, and then to 1.1965. Positive for the EURUSD fall to 1.1700.
Analytics Grand Capital
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