30.10.2019
The pair is trading above 1.1100 in anticipation of the Fed's decision on monetary policy. If the US regulator makes it clear that today's rate cut will be the last for the foreseeable future, it may lead to a reversal of the pair down.
The price is above the middle Bollinger band, above SMA 5 and SMA 14. RSI is located above the level of 50% and moves horizontally. Stoch turn down in the overbought zone.
Trading recommendations:
Sell the pair after its decline below 1.1100 with probable targets of 1.1070 and 1.1030.
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