Home About the company Daily reviews Technical Analysis 21.02.2019

Technical Analysis 21.02.2019

21.02.2019

Market Review

EUSUSD 

The pair is trading below 1.1355, but above 1.1325. If the industrial index data from Germany turns out to be weaker than predicted, the pair may continue falling.

The price is above the middle Bollinger band, below SMA 5 and SMA 14. RSI is above the level of 50% and is overall moving horizontally. Stoch are indicating weaker decline of the price.

Trading recommendations:

Sell the pair after it goes below 1.1325 with a possible target of 1.1250.

Author: admin
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