24.05.2019
EURUSD
The pair remains within the range of 1.1120–1.1260 against the backdrop of the uncertainty surrounding the US-China trade dispute and the Fed’s future monetary policy.
The price is above the upper Bollinger band, above SMA 5 and SMA 14. RSI is above the level of 50% and is growing. Stoch are in the overbought territory.
Trading recommendations:
If the pair goes above 1.1200, a local growth to 1.1260 is possible. At the same time, if it drops below 1.1180, it may return to 1.1120 at the edge of the range.
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