17.06.2020
The pair is consolidating in the range of 1.1235 amid the investor’s expectations for the new statistics released on US and EU economics. Also positive expectations are yet contained by the negative IMF's forecast on the world economy growth. There is a possibility for further consolidation.
Technical side:
The price is under the middle Bollinger band, above SМА 50, but under SMA 14. RSI is under 50% and turning up.
Trading recommendations:
Buy from the lower bound of the range with a local target at 1.1400.
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