Technical analysis 21.12.18

EURUSD

The pair is in uptrend following the solved Italian budget crisis and due to an uncertainty concerning Brexit, as well as locally weaker USD after the Fed’s monetary policy decision for the next year.

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

Trading recommendations:

The pair still has the potential to go up to 1.1490, but it doesn’t pass this point, it will possibly reverse downwards to 1.1400. Sell it after it goes below 1.1445.