Technical Analysis 15.11.2018

EURUSD

The pair is trading on the support level of 1.1335 in expectation of the US consumer inflation data. If the inflation pressure is stronger, the pair may reverse downwards.

The price is above the middle Bollinger band, above SMA 5 and SMA 14. RSI is above the level of 50% and is growing. Stoch are also growing.

Trading recommendations:

If the US data is string, the price may drop to 1.1220.