28.02.2018
EURUSD
The pair is consolidating above the mark of 1.2200 as the US dollar’s positions strengthen following yesterday’s speech of the Fed Chair, Jerome Powell, in the US Congress.
The price is on the lower line of the borders of Bollinger bands, below EMA 5 and EMA 13. RSI is above the oversold zone. Stochastic oscillators are already there.
Trading recommendations:
The pair may attempt correcting upwards to 1.2360, but it still holds the potential to go lower and if it falls below 1.2200, it may continue further down to 1.2065.
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