Technical analysis 07.06.19

EURUSD

The pair is trading above 1.1255 in anticipation of the data on created jobs and average hourly wages in the US. It’s advisable to act based on the figures.

The price is above the middle Bollinger band, above SMA 5 and SMA 14. RSI is moving down and is close to the level of 50%. Stoch are reversing downwards.

Trading recommendations:

Sell the pair if the data are better than predicted with a probable drop of the price to 1.1200. At the same time, if the data is noticeably lower than predicated, it’s possible to buy the pair with the local target of 1.1350.