05.02.2019
EURUSD
The pair is trading below 1.1430 against the background of uncertainty surrounding Brexit, as well as higher expectations of the slower eurozone economy growth that is likely to force the ECB to keep interest rates low for an extended period of time.
The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is below the level of 50% and is slowly moving down. Stoch are indicating a possible local reversal.
Trading recommendations:
Sell the pair with a possible target of 1.1375.
Thank you for subscribing to our analytics
You already subscribed
Don't have your language?
