Technical analysis 23.10.18

EURUSD

The pair is still trading flat within the range of 1.1450–1.1600 amid the growing debt problems in Italy and the decreasing demand on risk assets,

The price is below the middle Bollinger band, above SMA 5 and SMA 14. RSI is below the level of 50% and is indicating slower growth. Stoch are in the oversold territory.

Trading recommendations:

If the pair passes the mark of 1.1445 it will stand a good chance of falling further down to 1.1365 and returning to the range of 1.0500–1.1445 where it had been from early 2015 to mid-2017.