24.10.2019
The pair is consolidating above the level of 1.1120 in anticipation of the ECB monetary policy meeting. If the bank or Mario Draghi reports any details on the stimulus measures, it may put limited pressure on the euro.
The price is below the middle Bollinger band, above SMA 5 and SMA 14. RSI is located above the level of 50% and indicates a weakening of the price growth. Stoch also demonstrate this.
Trading recommendations:
If the pair falls below 1.1120, it is likely to continue falling to 1.1100, and then possibly to 1.1070.
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