19.03.2018
EURUSD
The pair sank below 1.2270 following the strengthening of the USD positions before the Fed’s monetary policy meeting, since the interest rates are expected to be raised 0.25%. The pair is likely to continue falling today.
The pair is below the middle line of the borders of Bollinger bands, below EMA 5 and EMA 13. RSI is above the oversold zone. Stoch are entering the oversold territory.
Trading recommendations:
The pair has the potential to go down before the Fed meeting if it doesn’t rise above 1.2270.
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