Forex: technical overview 26.02.18

EURUSD

The pair receives support as it is hoped that Mario Draghi either will support abandoning of the economic stimulus measures this September or won’t speak of it at all in his today’s speech. Either of these options would have a positive influence on the euro. Only an excessive concern over the decline of the inflation growth in the eurozone may lead to the currency’s weakening.

The price is above the middle line of the borders of Bollinger bands, above EMA 5 and EMA 13. RSI is passing the level of 50%. Stochastic oscillators are growing.

Trading recommendations:

If the mark of 1.2350 is passed, there’s a chance of the pair’s local growth up to 1.2450.