Technical analysis 26.06.19

EURUSD

The pair is consolidating above 1.1340 in anticipation of the data on the United States core durable goods orders and their volumes. If it’s higher than predicted, it would cause pressure for the pair. At the same time, lower figures would push the rate upwards.

The price is below the middle Bollinger band, below SMA 5 and SMA 14. Moving Averages suggest selling. RSI is above the level of 50% and is slowly falling. Stoch aren’t informative.

Trading recommendations:

If the price drops below 1.1340, it may go further down to 1.1280. At the same time, if it takes hold above 1.1340, it could lead to a local growth amid the weak US economy data.