Forex: technical overview 06.02.18

EURUSD

The pair has sunk to the lower edge of 1.2360–1.2500 range. However, the pair may go up yet once again, as the positive climate is likely to restore on the market of shares and other risk assets.

The price is below the middle line of the borders of Bollinger bands, on the level of EMA 5, but below EMA 13. RSI is below the level of 50% and is reversing downwards. Stochastic oscillators are leaving the oversold zone.

Trading recommendations:

If the pair remains above the level of 1.2360, there’s a possibility of a local growth up to 1.2500–10.