Technical Analysis 13.03.2019

EURUSD

The pair remains still above 1.1280 in anticipation of the Brexit vote in the British Parliament. If Theresa May’s deal is once again rejected and the MPs decide to ask the EU to prolong the talks, they pair may receive support. At the same time, the lack of certainty may bring it down.

The price is above the middle Bollinger band, on the level of SMA 5 and above SMA 14. RSI is above the level of 50% and is moving horizontally. Stoch are moving down.

Trading recommendations:

If the pair drops below 1.1280 against the backdrop of negative sentiment, it may go further down to 1.1240.