Technical analysis 27.09.18

EURUSD

The pair has plummeted below 1.1730 following the prolonged period of consolidation. The pair may keep falling against the background of the Fed’s decision to continue raising the rates, the lack of progress in the Brexit talks and the general instability of the world economy.

The price is below the lower Bollinger band, below SMA 5 and SMA 14. RSI has crossed the level of 50% and is indicating to sell. Stoch aren’t very informative.

Trading recommendations:

If the pair goes below 1.1700, it will continue its local fall to 1.1640.