Home About the company Daily reviews Technical analysis 02.07.18

Technical analysis 02.07.18

EURUSD

The pair is in downtrend following the significant growth at the end of last week as the agreements on the migrants policy were reportedly reached on the EU summit. The pair is likely to remain within the range of 1.1555–1.1720 today, while moving towards its lower edge.

The price is below the middle Bollinger band, below EMA 5, but still above EMA 13. RSI is testing the level of 50%. Stoch also have reversed downwards.

Trading recommendations:

If the pair passes 1.1635, it may go down to 1.1555.

Author: admin
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