EURUSD technical analysis 10.02.2020
The pair is trading above the level of 1.0940. It still has the potential to decline amid the positive news for the dollar: strong data on the American economy, the labor market and the end of the prolonged impeachment of Donald Trump.
The price is below the middle Bollinger band, above SMA 5, but below SMA 14. RSI is in the oversold zone. Stoch coming out of this area.
Trading recommendations:
Sell the pair with a likely target of 1.0900 after its decline below 1.0940.
