29.05.2018
EURUSD
The pair is in downtrend against the backdrop of the political crisis in Italy and Spain. The expected growth of the interest rates in the US also supports the USD.
The price is at the lower line of the borders of Bollinger bands, below EMA 5 and EMA 13. RSI is below the level of 50% and is reversing downwards. Stochastic oscillators are in the oversold zone.
Trading recommendations:
If the price holds below 1.1600, the pair is likely to go further down to 1.1500.
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