11.03.2020
The pair is below 1.1370. Expect a resumption of its decline if the situation in the financial markets stabilizes. Expectation of the ECB cutting rates to negative values will put pressure on the single currency.
The price is at the midline Bollinger band, below SMA 5, but still above SMA 14. RSI is above 50% and indicates a weakening price increase. Stoch are still growing.
Trading recommendations:
Sell the pair as long as it's below the level of 1.1370 with a local target of 1.1095.
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