EURUSD technical analysis 27.03.2020

EURUSD

The pair is trading higher amid the growing demand for risk assets, as well as the massive support measures (QE) from the Fed and the US Treasury. But today the pair may correct downwards due to the correction in the stock markets and then continue the upward trend.

The price is above the middle Bollinger band, below SMA 5, but above SMA 14. RSI is above the 50% level and is turning down. Stoch are coming out of the overbought zone.

Trading recommendations:

The pair may correct to 1.0985 or even lower to 1.0915. Buy from these levels with a local target of 1.1200.

EURUSD rate online: monitor the movement of the pair in real time.