23.07.2018
EURUSD
The pair is trading within the existing range. The tendency is likely to remain until the ECB monetary policy meeting this Thursday. Due to this it’s possible to assume that the pair may correct downwards today.
The price is above the lower Bollinger band, below SMA 5, but above SMA 14. RSI is above the level of 50% and is reversing downwards. Stoch are reversing downwards in the oversold zone.
Trading recommendations:
The price is expected to move down to 1.1635, after passing 1.1710.
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