Technical Analysis 22.11.2018

EURUSD

The pair is slowly growing as Thanksgiving Day is celebrated in the US. It’s likely to remain within the range of 1.1360–1.1455. It’s affected negatively by the dispute between Italy and the European Commission over the country’s budget, but supported by the expectations of the Fed taking a break from interest rates hike in early 2019.

The price is below the middle Bollinger band, above SMA 5 and SMA 14. RSI is on the level of 50%. Stoch aren’t informative.

Trading recommendations:

The price is quite likely to grow up to 1.1450–55. Sell the pair from this level with a target of 1.1360.