20.11.2017
EURUSD
The pair is trading above 1.1720 level amid hopes that the tax reform in the US will be passed. It’s the main factor that influences the USD rate at the moment.
The price is above the middle Bollinger band, above SMA 5 and SMA 14. RSI is reversing upwards and now is at the level of 50%. Stoch are indicating the weakening of decline.
Trading recommendations:
A breakout of 1.1720 level following the positive news from the US may cause the pair to fall down to 1.1670.
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