06.09.2017
EURGBP
The pair resumed its decline against the backdrop of weak business activity indices in Eurozone that were released this Tuesday. There are increasing doubts on the market that the ECB will decide at tomorrow meeting to cease the stimulation programs in 2018.
The price is below the middle Bollinger band, above SMA 5, but below SMA 14. RSI is below 50% level and is reversing upwards. Stoch are in the oversold zone.
Trading recommendations:
If the pair doesn't settle in above 0.9150 mark, it's highly likely to drop down to 0.9100.
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