01.10.2018
EURUSD
The pair is still under pressure as the Chinese economy growth is slowing down, which may cause the same for the world economy, while the Fed is expected to keep raising the interest rates. Another factor is the reached USA-Canada trade deal which will allow the US to focus on Europe and China.
The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is entering the oversold zone. Stoch are reversing downwards.
Trading recommendations:
If the pair goes below 1.1580, it’s likely to continue falling to 1.1525.
Thank you for subscribing to our analytics
You already subscribed
Don't have your language?
