12.02.2019
EURUSD
The pair is trading above 1.1270. It broke away from the short term upwards trend as the eurozone economy is expected to enter recession already this year, which will force the ECB to continue with its soft monetary policy.
The price is below the middle Bollinger band, above SMA 5, but still below SMA 14. RSI is at the line of the oversold territory and is moving horizontally. Stoch are leaving the oversold territory.
Trading recommendations:
Sell the pair after it passes the level of 1.1270 with a possible target of 1.1215.
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