02.08.2018
EURUSD
The pair remains within the range of 1.1585–1.1745, while moving down to its lower border following the result of the Fed’s meeting which proved positive for the USD. The decline is likely to continue.
The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is below the level of 50% and is moving down. Stoch are in the oversold zone.
Trading recommendations:
The pair may fall to 1.1620 and then move further down to 1.1575.
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