26.03.2018
EURUSD
The pair is growing as the recently started trade war between the US and China is feared to have a negative impact on the USD. Technically the pair is forming a descending triangle continuation pattern.
The pair is above the middle line of the borders of Bollinger bands, above EMA 5 and EMA 13. RSI is below the overbought zone. Stoch are already in the overbought territory.
Trading recommendations:
The pair may form a trend continuation pattern and go up to 1.2450–55 as the US dollar rate weakens.
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