Technical analysis 02.08.2019

EURUSD

The pair stopped above the level of 1.1070, pending the publication of the employment data in the US. If they indicate a noticeable growth, the pair will resume dropping. Meanwhile, negative values will lead to the continuation of its local recovery.

The price is below the middle Bollinger band, above EMA 5, but below SMA 14. RSI is below the level of 50% and is moving horizontally. Stoch has entered the overbought zone.

Trading recommendations:

Act based on statistics. In the positive scenario, sell the pair with a probable target of 1.0975. If the figures are weak, buy with a probable growth to 1.1160.