Technical overview 25.04.18

EURUSD

The pair is again testing the support level of 1.2200. If this level is passed as the US Treasury bonds yields rise, the pair may go further down, and then may proceed falling even lower following the results of the ECB meeting this Thursday.

The price is below the middle line of the borders of Bollinger bands, below EMA 5 and EMA 13. RSI is entering the oversold zone again. Stochastic oscillators are reversing downwards.

Trading recommendations:

If the pair passes the level of 1.2200 and holds below it, there’s a chance of its local fall down to 1.2250.