Technical analysis 15.08.18

EURUSD

The pair is below the level of 1.1350. It may try to recover to 1.1400 as the demand for risk assets returns to the European stock markets. However, it’s still more likely to remain under pressure nonetheless.

The price is below the middle Bollinger band, above SMA 5, but below SMA 14. RSI is leaving the oversold zone and is signaling to buy. Stoch are also reversing upwards.

Trading recommendations:

If the price passes 1.1350, the pair may grow up to 1.1400. Sell the pair at its growth from this mark or after its passing 1.1320 with a possible target of 1.1265.