Technical analysis 17.06.19

EURUSD

The pair is still under pressure in anticipation of new economic stimulus measures by the ECB, the ambiguous consequences of Brexit and the growing demand for dollar assets triggered by the escalating US-China trade war.

The price is below the middle Bolling band, below SMA 5 and SMA 14. RSI is crossing the oversold territory again. Stoch have reversed upwards, but still remain within the oversold territory.

Trading recommendations:

Sell the pair at a possible rebound upwards from 1.1235 or after it goes below 1.1205 with a possible target of 1.1125.