31.08.2017
EURUSD
The pair is consolidating as the US Department of Labor is expected to release the new data on the number of created jobs. It's likely to trade flat, above 1.1850 mark.
The price is above the middle Bollinger band, above SMA 5, but below SMA 14. RSI is above 50% level. Stoch are in the oversold zone.
Trading recommendations:
The pair is likely to consolidate above 1.1850 mark, but the breakout of this level will lead to the pair dropping to 1.1685 in the nearest future.
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