Analytic reviews

EURUSD

The pair received support due to the increased demand for risk assets, but today it may reverse downwards if the US consumer inflation data is stronger than predicted.

The price is above the middle line of the borders of Bollinger bands, above EMA 5 and EMA 13. RSI is entering the overbought territory. Stochastic oscillators have reversed upwards.

Trading recommendations:

The price may attempt testing the level of 1.2385. If unsuccessful, it may fall to 1.2335 or even further down to 1.2300.

EURUSD

Although the pair did rise this Monday following the increased demand for risk assets, it’s still trading flat. It’s likely to correct downwards, as it’s locally overbought.

The price is above the middle line of the borders of Bollinger bands, above EMA 5 and EMA 13. RSI is above the level of 50%. Stochastic oscillators are in the overbought zone.

Trading recommendations:

If the price doesn’t pass the mark of 1.2335, there’s a chance of a local fall down to 1.2260.

EURUSD

The pair is trading within a very narrow range of 1.2260–1.2295. The pair, just as the financial markets as a whole, is under pressure due to the trade war between the US and China. Another negative factor is the decreased trade balance of Germany, which indicates that the country’s economy is losing its growth momentum.

The price is above the middle line of the borders of Bollinger bands, above EMA 5 and EMA 13. RSI is on the level of 50%. Stochastic oscillators are reversing downwards.

Trading recommendations:

If the price passes the level of 1.2295, there’s a chance of a local growth up to 1.2335. At the same time, if it goes below 1.2260, it may go further down to 1.2215.

EURUSD

The pair continues to consolidate within the existing range as the news from Germany and the eurozone indicate weak figures. Also, the trade war between the US and China mфy have a negative impact on the growth of the world economy. If today’s US employment data turns out to be strong, a local decline of the price is possible.

The pair is below the middle line of the borders of Bollinger bands, below EMA 5 and EMA 13. RSI is below the level of 50% and is moving down. Stochastic oscillators are reversing downwards.

Trading recommendations:

The pair may go down to 1.2200 and then to 1.2165 if the news are favorable for the USD.

EURUSD

The pair continues to consolidate against the background of conflicting signals that don’t let it take a definite direction, so it remains within the existing range. The dynamics is likely to remain for the time being.

The price is below the middle line of the borders of Bollinger bands, below EMA 5 and EMA 13. RSI is below the level of 50% and is moving down. Stochastic oscillators have reversed downwards.

Trading recommendations:

If the pair passes 1.2255, it may go down to 1.2200.

EURUSD

The pair is consolidating above the mark of 1.2255. There’s a strong probability of a local growth prompted by the eurozone consumer inflation news if they are favorable for the euro. However, it may fall if the figures turn out to be worse than predicted, and in case of a strong ADP employment report in the US.

The price is below the middle line of the borders of Bollinger bands, below EMA 5 and EMA 13. RSI is below the level of 50% and is going down. Stoch are reversing upwards.

Trading recommendations:

If the price passes the level of 1.2300, the pair may experience a local growth up to 1.2350–55. At the same time, if it falls below 1.2255, it may go further down to 1.2200.

EURUSD

The pair is restoring following the surge of futures contracts on major American stock indices, which is a result of China increasing tariffs on US imports yesterday.

The price is above the middle line of the borders of Bollinger bands, below EMA 5 and EMA 13. RSI is testing the level of 50% moving upwards. Stoch are reversing upwards.

Trading recommendations:

If the price passes the level of 1.2335, the pair may experience a local growth up to 1.2380.

GBPUSD

The pair has found support at the level of 1.4010 and may continue its local growth while remaining within the range of 1.4010–1.4115. The pair is still receiving support due to the fast resolution of Brexit crisis and the likelihood of the Bank of England raising the interest rates as early as this May.

The pair is testing the middle Bollinger band, above SMA 5 and SMA 14. RSI stopped at the level of 50% moving downwards. Stoch are growing.

Trading recommendations:

If the pair breaches the level of 1.4045, it may experience a local growth up to 1.4115.

EURUSD

The pair is moving down now that the USD positions are stronger due to the newly released positive data on the US economy which may encourage the Fed to raise the interest rates more actively.

The pair is below the middle line of the borders of Bollinger bands, below EMA 5 and EMA 13. RSI is above the level of 50% and is reversing downwards. Stoch are reversing in the oversold territory.

Trading recommendations:

The positive news on the US economy may put the pair under pressure and push it down to 1.2240 after it passes 1.2300.

EURUSD

The pair rolled back downwards after the local maximum point following yesterday’s unfavorable news on the economy of Germany and the eurozone. The pair may continue falling if today’s US economy data proves positive.

The price is above the middle line of the borders of Bollinger bands, below EMA 5 and EMA 13. RSI is above the level of 50% and is reversing downwards. Stoch are reversed upwards.

Trading recommendations:

In case of favorable news from the US, the pair may go down to 1.2345.