31.05.2018
EURUSD
The pair is in uptrend as the USD is weakened as a timely resolution of the trade conflict between the US and China is no longer expected, while the new edition of the US GDP data for the 1st quarter is weaker than predicted.
The price is above EMA 5 and EMA 13. RSI is above the level of 50% and keeps growing. Stochastic oscillators are in the overbought zone.
Trading recommendations:
If the price goes above 1.685, a local growth up to 1.1750 is possible. Otherwise, the price is likely to go down to 1.1600.
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