25.01.2019
EURUSD
The pair is trading below 1.1335, while remaining under pressure due to slower growth of the EU economy and inflation, which means that the ECB is not likely to risk hiking interest rates in the foreseeable future.
The price is below the middle Bolliger bands, above SMA 5, but below SMA 14. RSI is below the level of 50% and is reversing downwards. Stoch are leaving the oversold territory.
Trading recommendations:
The pair can recover to 1.1335. However, if it doesn’t go past this level, a reversal and drop to 1.1265 is possible.
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