24.07.2019
EURUSD
The pair suspended its decline in anticipation of the ECB's final decision on monetary policy. The pair can correct upwards due to partial profit taking. Its further movement will depend on the decision of the European regulator.
The price is below the middle Bollinger band, above SMA 5, but below SMA 14. RSI is reversing in the oversold zone, signaling a likely upwards rebound of the price. Stoch also demonstrate this probability.
Trading recommendations:
Expect the price to fall further to 1.1125 after correcting to 1.1185.
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