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Forex: technical overview 20.02.18

20.02.2018

Market Review

EURUSD

The pair is under pressure as the market players fear that ECB doesn’t abandon the economic stimulus measures this September because of the low inflation.

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

Trading recommendations:

The pair is below 1.2400, which means the likelihood of a local fall down to 1.2335.

Author: admin
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