02.11.2018
EURUSD
The pair is trading above 1.1400 amid the surging demand for risk assets caused by Donald Trump’s promise to offer a new trade deal to China at the G20 summit. This demand may even overwhelm positive US employment market data and lead to the pair’s growth, but only as long as the favorable sentiment remains on the market.
The price is above the middle Bollinger band, above SMA 5 and SMA 14. RSI is above the overbought territory and is growing. Stoch are on the border of the overbought zone.
Trading recommendations:
If the pair passes 1.1430, it may continue its upwards tendency and reach 1.1500. At the same time, if it goes below 1.1400, it may drop further down to 1.1300.
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