23.07.2019
EURUSD
The pair broke out of the range of 1.1200-1.1280 amid the expected economic stimulus measures by the ECB and the uncertain future monetary policy of the Federal Reserve. The pair will remain under pressure locally.
The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is below the level of 50% and is decreasing. Stoch are in oversold territory.
Trading recommendations:
Expect the price to continue falling to 1.1125.
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