Home About the company Daily reviews EURUSD technical analysis 31.10.2019

EURUSD technical analysis 31.10.2019

31.10.2019

Market Review

The pair is trading below 1.1175 following yesterday's unexpected rise caused by the controversial press conference of Jerome Powell after the Fed's highly anticipated monetary policy decision.

The price is at the level of the upper boundary line of the Bollinger band, above SMA 5 and SMA 14. RSI is located below the oversold zone and moves horizontally. Stoch are reversing downwards in the oversold zone.

Trading recommendations: 
If the pair does not rise above 1.1175, it will adjust to the level of 1.1120.

Author: admin
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