27.02.2019
EURUSD
The pair is trading within a short-term uptrend due to the weakness of USD. The pair has the potential of local growth, if the negative sentiment towards the USD remains.
The price is above the middle Bollinger band, below SMA 5, but above SMA 14. RSI is above the level of 50% and is moving down. Stoch are also moving down.
Trading recommendations:
If the pair remains above 1.1370, it may continue growing to 1.1440. However, if the opposite happens and it falls below this level, there’s a possibility of a limited drop to 1.1320.
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