25.03.2019
EURUSD
The pair is consolidating above 1.1290 after Friday’s drop due to the growing expectations of the eurozone’s economy going into a new recession. If today’s economic statistics data from Germany is weaker than predicted, the pair may resume falling.
The price is below the middle Bollinger band, above SMA 5, but below SMA 14. RSI is below the level of 50% and is moving horizontally. Stoch are growing.
Trading recommendations:
Sell the pair after it goes below 1.1290 with a possible target of 1.1180.
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