29.03.2018
EURUSD
The pair is moving down now that the USD positions are stronger due to the newly released positive data on the US economy which may encourage the Fed to raise the interest rates more actively.
The pair is below the middle line of the borders of Bollinger bands, below EMA 5 and EMA 13. RSI is above the level of 50% and is reversing downwards. Stoch are reversing in the oversold territory.
Trading recommendations:
The positive news on the US economy may put the pair under pressure and push it down to 1.2240 after it passes 1.2300.
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