20.05.2019
EURUSD
The pair is still in downtrend as Mario Draghi and the ECB are expected to confirm their intention to continue with the soft monetary policy.
The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is moving down. Stoch are within the oversold territory and aren’t informative.
Trading recommendations:
If the price remains below 1.1160, it may resume falling and drop to 1.1120.
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