04.06.2019
EURUSD
The pair is supported amid increasing likelihood of the Fed reducing interest rates this year. The anticipation of lower interest rates will restore the USD to the role of a funding currency, which will weaken it further.
The price is above the middle Bollinger band, above SMA 5 and SMA 14. RSI is in the overbought territory. Stoch are also there.
Trading recommendations:
If the pair goes above 1.1260 and stays there, technically it will have the potential for local growth to 1.1325.
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