Analytic reviews

EURUSD

The pair couldn’t pass 1.1600 and hold above it. The overall tension around the trade conflict between Washington and Beijing may lead to its reversing downwards and moving further down.

The price is above the middle Bollinger band, below SMA 5, but above SMA 14. RSI is testing the level of 50%. Stoch are trying to reverse downwards.

Trading recommendations:

The pair is likely to fall to 1.1535 if the US industrial inflation data doesn’t turn out to be worse than predicted.

EURUSD

The pair is trading above 1.1610. The existing demand for risk assets may support the pair in the further local growth within the range of 1.1520–1.1745.

The price is above the middle Bollinger band, above SMA 5 and SMA 14. RSI is above the level of 50% and indicates weaker growth, Stoch are in the oversold zone.

Trading recommendations:

If the pair holds above 1.1610, there’s a possibility of a local growth to 1.1675.

EURUSD

The pair is trading above 1.1550. It started recovering after the USD profit taking. It’s quite likely to partially recover today.

The price is below the middle Bollinger band, above SMA 5 and SMA 14.RSI is above the oversold zone and indicates this is a good time to buy. Stoch are growing.

Trading recommendations:

The pair has passed 1.1560, which means there’s now a possibility of a local growth to 1.1615.

EURUSD

The pair is trading in downtrend against the backdrop of the stronger USD position due to the results of the Fed meeting and last week’s employment data. However, the pair may slightly recover today if the eurozone data is favorable.

The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is in the oversold zone, Stoch are also in the oversold territory and are reversing upwards.

Trading recommendations:

If the pair holds above 1.1550, and the eurozone statistics is favorable, there’s a chance of the pair’s recovery to 1.1600. At the same time, if the data turns out to be weaker, the pair may go down to 1.1500.

EURUSD

The pair remains within the range of 1.1580–1.1745, but is likely to resume falling today after the release of strong employment and average wage data from the US if they don’t turn out to be worse than predicted.

The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is on the line of the oversold zone. Stoch are in the oversold territory.

Trading recommendations:

If the price moves below 1.1580 following the news from the US, it may go further down to 1.1500.

EURUSD

The pair remains within the range of 1.1585–1.1745, while moving down to its lower border following the result of the Fed’s meeting which proved positive for the USD. The decline is likely to continue.

The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is below the level of 50% and is moving down. Stoch are in the oversold zone.

Trading recommendations:

The pair may fall to 1.1620 and then move further down to 1.1575.

EURUSD

The pair is within the range of 1.1575–1.1745 as the Fed’s monetary policy meeting results are expected to be released. If the outcome is favorable for the USD, while ADP employment data and PMI data are strong, the USD rate may receive extra support.

The price is below the middle Bollinger line, below SMA 5 and SMA 14. RSI is below the level of 50% and is slowly moving down. Stoch are in the oversold zone and indicate slower decline.

Trading recommendations:

If the price goes below 1.1675, it may continue further down to 1.1620 and then possibly to 1.1575.

EURUSD

The pair remains within the range of 1.1585–1.1745 as the important eurozone news are expected to be released, as well as the consumer inflation data, GDP, employment, the Fed’s rulings on monetary policy and unemployment in the US. At the same time, if the figures are worse than predicted, a local decline would be expected.

The price is above the middle Bollinger band, above SMA 5 and SMA 14. RSI is above the level of 50% and is slowly growing. Stoch are in the overbought zone and aren’t informative.

Trading recommendations:

If the price falls below 1.1700, it may go further down to 1.1625. At the same time, if it goes above 1.1720, there’s a chance of a local growth up to 1.1780.

EURUSD

The pair remains within the range of 1.1585–1.1745 due to mixed factors that let it neither grow not fall. The tendency is likely to remain for a considerable period of time.

The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is below the level of 50% and is reversing downwards. Stoch are in the oversold zone and are also reversing downwards.

Trading recommendations:

If the price goes below 1.1650, it may go further down to 1.1600.

EURUSD

The pair is trading above 1.1640 as the US GDP data for the second quarter is expected to be very strong. It may indicate the growth of 4.1% against 2.0%. If the figures don’t turn out worse than predicted, the pair may return to the downtrend.

The price is below the middle Bollinger band, above SMA 5, but below SMA 14. RSI is below the level of 50% and is growing. Stoch are in the oversold zone and are trying to reverse upwards.

Trading recommendations:

The pair may resume falling down to 1.1600 and even further down to 1.1575 after passing 1.1640 despite being locally oversold.