29.11.2019
The pair consolidates in a narrow range above the level of 1.0995. Today is a short working day in US due to the continuing Thanksgiving celebration, which means low investor activity. Expect the pair’s behavior to remain sluggish, although it is likely to resume falling next week.
The price is below the middle line of Bollinger band, below SMA 5 and SMA 14. RSI is located below the level of 50% and moves horizontally. Stoch grow.
Trading recommendations:
Expect the price to continue trading flat today. The pair has the prospect of further decline after breaking the strong support level of 1.0995. In this case, the price may drop to 1.0950.
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