Analytic reviews

EURUSD

The pair corrected upwards following yesterday’s fall after a range of long positions was closed. The price is likely to remain today within the range as the new inflation data from the US is expected to be released, but a local fall is also possible.

The price is below the middle Bollinger band, above SMA 5, but below SMA 14. RSI is above the oversold zone. Stoch have reversed upwards.

Trading recommendations:

If the pair doesn’t remain in the range of 1.1915–1.1960 and goes below 1.1915, a limited lowering down to 1.1870 is possible.

EURUSD

The pair is still under pressure as the Euro is sold following its unfounded speculative growth just before the new year.

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. Stochastic oscillators are in the oversold zone.

Trading recommendations:

The pair broke out the mark of 1.1955, which may lead to its going down to 1.1900.

EURUSD

The pair is in a downtrend after reaching another local maximum point last week. The local decline is likely to continue if the double top pattern is formed.

The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is passing the level of 50% downwards. Stoch aren’t informative.

Trading recommendations:

If the level of 1.2000 at the neck of the double top pattern is breached, the price may fall down to 1.1935.

EURUSD

The pair is trading at the local maximum due to the investors' negative attitude towards the US dollar which is caused by the fact that all the USD supporting factors have already been in action. Those are the interest rate increase and the tax reform. USD is literally on the edge as Jerome Powell taking his position as the new head of the Fed.

The price resides higher than the middle Bollinger band, lower than the SMA5 but higher than SMA14. RSI resides under the overbought zone. Stoch are leaving the zone.

Trading recommendations: 

If the pair falls lower than 1.1935, a possible fall to 1.1900 can be expected.

EURUSD

The pair is unlikely to show a significant change in price today, as it is influenced not just by the decline in the market players' interest to trade during the Christmas week, but also the holiday season in the largest European countries, where trading is currently closed.

The price is higher than the upper Bollinger band, higher than SMA5 and SMA14. RSI resides above the 50% level and growing. Stoch are also growing.

Trading recommendations: 
The pair will most likely be trading flat 1.1840-1.1885.

EURUSD

The pair is trading down following the victory of pro-independence candidates in recent Catalan parliament election. This event is likely to continue having a downward effect on the single currency.

The price is above the middle line of Bollinger bands’ borders, below EMA 5 and EMA 13. RSI is above 50% zone. Stochastic oscillators are not informative.

Trading recommendations:

If the pair falls below the mark of 1.1840, it may go further down to 1.1800.

EURUSD

The pair is correcting downwards after reaching a local maximum point following Donald Trump’s decision to postpone the passing of the new tax code until the beginning of the next year. It’s quite likely to continue falling.

The price is above the middle line of the Bollinger bands’ borders, above EMA 5 and EMA 13. RSI is below the overbought zone and is reversing downwards. Stochastic oscillators are falling.

Trading recommendations:

If the pair falls below the mark of 1.1860, there’s a possibility to go further down to 1.1800.

EURUSD

The pair is within the range of 1.1735–1.1840–50, where it’s likely to remain until the end of the current pre-Christmas week.

The price is above the middle Bollinger band, above SMA 5 and SMA 14. RSI is below the overbought zone. Stoch are already there.

Trading recommendations:

If the pair doesn’t hold above the mark of 1.1840–50, there is a possibility of a local reverse downwards to 1.1735

EURUSD

The pair is within the range, where it will probably remain until the end of the current pre-Christmas week.

The price is above the middle Bollinger band, below SMA 5 and SMA 14. RSI is above the level of 50%. Stoch are moving downwards.

Trading recommendations:

While moving within the existing range, the pair may go up to 1.1840 today. Sell the pair from this level with a local target of 1.1735.

EURUSD

The pair is within the range, and it’s likely to remain there until the end of the current pre-Christmas week.

The price is below the middle Bollinger band, above SMA 5, but below SMA 14. RSI is growing. Stoch are also reversing upwards.

Trading recommendations:

While moving within the existing range, the pair may go up to 1.1840 today.