Home About the company Daily reviews Technical analysis 18.07.19

Technical analysis 18.07.19

18.07.2019

Market Review

EURUSD

The pair is trading above the support level of 1.245 in anticipation of the Fed’s final decision on monetary policy at the end of this month. As long as there is uncertainty in the monetary policy of the Federal reserve, the pair will remain generally under pressure.

The price is below the middle Bollinger band, above SMA 5 and SMA 14. RSI is below the level of 50% and is turning downwards. Stoch have entered into overbought territory and suggest a weakening of growth rates.

Trading recommendations:

If the data of the Philly Fed Manufacturing Activity Index is be better than expected, the pair may continue dropping to 1.1190 and then to 1.1125.

Author: admin

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