Technical analysis 06.09.2019

EURUSD

The pair is consolidating above 1.1020 amid the publication of economic data from the US and the eurozone. If the NFP shows an increase in new jobs above the forecast, it will maintain the dollar. The weak GDP values of the Eurozone will be also positive. At the same time, opposite values will lead to a local increase in the pair.

The price is above the middle Bollinger band, above SMA 5 and SMA 14. RSI index is located above the level of 50% and moves horizontally. Stoch turn up near the oversold zone.

Trading recommendations:

Act on the basis of published statistics. From negative side for the dollar, the pair may continue to grow to 1.1150. Positive news will lead to a drop in the price to 1.0930.