18.09.2018
EURUSD
The pair is still within the range of 1.1540–1.1730. It’s likely to remain this way today. If Mario Draghi’s speech is optimistic, the price may breech 1.1730 and continue growing, but otherwise it would be likely to reverse downwards again.
The price is above the middle Bollinger band, below SMA 5 and SMA 14. RSI is above the level of 50% and is trying to grow. Stoch have left the overbought zone.
Trading recommendations:
Due to the price’s inability to pass 1.1730, it may reverse downwards and fall to 1.1640.
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