24.06.2019
EURUSD
The pair is still in a local uptrend as the Fed is expected to start reducing interest rates as early as July. The pair is likely to resume growth after a small correction.
The price is above the middle Bollinger band, above SMA 5 and SMA 14. RSI is moving horizontally within the overbought territory. Stoch are also there and aren’t informative.
Trading recommendations:
The pair may correct down to 1.1340 due to being locally technically overbought, but afterwards it’s likely to resume growth to 1.1450.
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