28.10.2019
The pair is trading above 1.1070, slightly correcting upwards after Friday's drop. It may rise to 1.1100 in anticipation of the final Fed’s decision on monetary policy this Wednesday.
The price is below the middle Bollinger band, above SMA 5, but below SMA 14. RSI is below 50% and rising. Stoch are out of the oversold zone.
Trading recommendations:
Sell the pair on the local growth from the level of 1.1100 or after its decline below the level of 1.1070 with a likely target of 1.1050.
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