19.07.2018
EURUSD
The pair is trading in downtrend above 1.1615 due to stronger USD positions following Jerome Powell’s speech in the Senate. This tendency is expected to remain today.
The price is below the lower Bollinger band, below SMA 5 and SMA 14. RSI is below the level of 50% and is moving down. Stoch are reversing downwards. Stoch are reversing downwards.
Trading recommendations:
If the level of 1.1615 is breached, the pair may fall further down to 1.1550.
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