24.08.2017
EURUSD
The pair is trading in the range of 1.1685-1.1825. It will probably remain there up until Mario Draghi's speech this Friday. However, if the speech proves to be unfavorable for the market, the pair will come under pressure.
The price is above the middle Bollinger band, below SMA 5 and SMA 14. RSI is above 50% level and is reversing downwards. Stoch are leaving the overbought zone.
Trading recommendations:
The pair may correct downwards to 1.1750 today.
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