14.06.2018
EURUSD
The pair is trading above 1.1800. The ECB monetary policy meeting is in the market’s spotlight. If the outcome indicates a pause in the decision to abandon the economic stimulus measures this September, a local fall of the pair should be expected.
The price is above the middle Bollinger band, above SMA 5 and SMA 14. RSI is below the overbought zone. Stoch are also there.
Trading recommendations:
If the pair goes below 1.1800 following the ECB meeting, it will be expected to go further down to 1.1720.
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