Technical analysis 30.10.18

EURUSD

The pair is trading below 1.1390, while consolidating in the expectation of consumer inflation data in the eurozone and employment data in the US that will be released this Friday.

The price is below the middle Bollinger band, a little above SMA 5 and SMA 14. RSI is below the level of 50% and is moving horizontally. Stoch are reversing upwards.

Trading recommendations:

If the pair doesn’t grow above 1.1400 and stays there, it may proceed downwards to 1.1300.