28.05.2018
EURUSD
The pair is in downtrend as the Fed is expected to keep raising the interest rates, while the ECB is expected to stick to its current policy until the end of the year.
The price is below the middle line of the borders of Bollinger bands, below EMA 5 and EMA 13. RSI is below the level of 50%. Stochastic oscillators haven’t stopped growing yet.
Trading recommendations:
If the price holds below 1.1685, the pair will be likely to go further down to 1.1600.
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