21.03.2019
EURUSD
The pair is trading above 1.1400 as the Fed decides to abandon the interest rates hike policy for this year, which is likely to have a significant impact on the USD rate. The pair’s local growth in the short term is expected.
The price is on the upper Bollinger band, above SMA 5 and SMA 14. RSI is above the level of 50% and is indicating slower growth. Stoch aren’t informative.
Trading recommendations:
Buy the pair at its probable decline from 1.1400 with a local target of 1.1500.
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