28.05.2019
EURUSD
The pair is trading within the range of 1.1120–1.1260 in anticipation of the ECB taking measures to boost the eurozone economy. Moreover, investors are waiting for this week’s US GDP data, China’s PMI and important American indicators.
The price is below the middle Bollinger bands, below SMA 5 and SMA 14. Moving Averages suggest selling the pair. RSI is moving down and crossing the level of 50%. Stoch aren’t informative.
Trading recommendations:
If the pair takes hold below 1.1180, it may resume falling to 1.1120.
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