15.11.2019
The pair is trading below 1.1015 amid weaker US treasuries yield in the last two days. The situation may radically change today following yesterday’s statement made by Donald Trump’s economic advisor Larry Kudlow who announced progress in the US-China trade talks.
The price is above the middle line of Bollinger, below SMA 5, but above SMA 14. RSI is below 50% and declining. Stoch crossed in the overbought zone.
Trading recommendations:
Sell the pair with local targets of 1.0990 and 1.0965 after the price crosses the level of 1.1015.
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