The pair consolidates above 1.0825 in anticipation of the new ZEW economic sentiment index for the eurozone and Germany. Negative values caused by chaos in the European Union due to the coronavirus impact can lead to a new local drop in the price.
Technical side:
The price is below the middle Bollinger band, below SMA 5 and SMA 14, which intersect and give a sell signal. RSI is below the 50% level and declining. Stoch enter the oversold zone.
Trading recommendations:
Sell the pair after it crosses 1.0825 with a likely local target of 1.0770.
EURUSD rate online: monitor the movement of the pair in real-time.
