02.04.2019
EURUSD
The pair is moving down in anticipation of the publication of DGO data in the US that are expected to indicate growth. In this case, the pair will continue the slow decline.
The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is below the level of 50% and is moving down. Stoch are in the oversold territory and aren’t informative.
Trading recommendations:
Sell the pair following the strong data from the US with a possible target of 1.1175 and a possible further drop to 1.1150.
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