18.02.2020
The pair consolidates above 1.0825 in anticipation of ZEW data on economic sentiment and conditions for Germany and the eurozone. If the indicators are not higher than expected, especially for Germany, this will put pressure on the pair.
The price is below the middle line of the Bollinger band, at SMA 5 and below SMA 14. RSI is located above the oversold zone and moves horizontally. Stoch are below the 50% level and uninformative.
Trading recommendations:
Sell the pair after the price crosses 1.0825 with the probable targets of 1.0800 and 1.0785.
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