Home About the company Daily reviews Technical analysis 13.09.2019

Technical analysis 13.09.2019

13.09.2019

Market Review

EURUSD

The pair recovered after the drop caused by the ECB's final decision on monetary policy. Most likely, such dynamics is explained by the anticipated next week monetary policy decision by the Fed which is also expected to shift towards softer policy.

The price is located at the upper Bollinger band line, it is above EMA 5 and EMA 13. RSI is above 50% and rising. Stoch is in the overbought area. 

Trade recommendations: 
If the pair goes above 1.1100, it may continue to 1.1165.

Author: admin
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