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EURUSD Technical analysis 11.06.18

11.06.2018

Market Review

EURUSD

The pair resides lower than 1.1840 level. It is probable that today it will be consolidating while expecting the Fed's monetary policy meeting results which will be revealed on Wednesday.

The price resides higher than the middle line of the Bollinger bands' borders, higher than EMA 5 and EMA 13. RSI is higher than 50% level and rising. Stoch are entering the overbought zone.

Trading recommendations: 

The price may rise up to 1.1840. If this level holds up, there is a possibility of the pair reversing down to 1.1725.

 

Author: admin
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