Technical analysis 25.07.19

EURUSD

The pair lowered to the level of 1.1130, pending the ECB’s monetary policy decision. Softer monetary policy will result in the pair plummeting. But if the regulator simply indicates that these measures may be taken as early as this September, and the pair will still continue its fall.

The price is below the middle Bollinger band, below the SMA 5 and the SMA 14. RSI is in oversold area and moves horizontally. Stoch decline.

Trading recommendations:

Expect the the price to continue falling to 1.1050 after breaching the level of 1.1130.