Home About the company Daily reviews Technical analysis 29.03.19

Technical analysis 29.03.19

29.03.2019

Market Review

EURUSD

The pair is trading below 1.1240 in anticipation of the Brexit vote results. If Theresa May’s deal is rejected again, the pair may drop following the GBP.

The price is below the middle Bollinger band, above SMA 5, but below SMA 14. RSI is below the oversold territory and is moving horizontally. Stoch are trying to grow.

Trading recommendations:

Sell the pair against the backdrop of negative sentiment if it doesn’t grow above 1.1240 with a possible target of 1.1185.

Author: admin
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