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EURUSD technical analysis 16.09.2020


The pair found support at 1.1830 in anticipation of the Fed’s monetary policy decision. No changes are expected in the policy of the Federal Reserve or in the rhetoric of its head Jerome Powell, which means the dollar is likely to continue to fall.

Technical picture:

The price is below the middle Bollinger band, above SMA 5, but below SMA 14. RSI is below the 50% level and is turning up. Stoch are turning in the oversold zone.

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

Trading recommendations:

Buy the pair after it goes above 1.1860 with a likely further rise to 1.1915.

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