Analytic reviews

EURUSD

The pair is consolidating at the level of 1.1840. If the eurozone inflation data falls short of the expectations while PCE indicator in the US shows positive figures, the price is likely to resume falling. The news of the passing of the new tax law in the US may also put the pair under pressure.

The pair is below the middle Bollinger band, below SMA 5, but above SMA 14. RSI is moving along the line of 50%. Stoch are growing.

Trading recommendations:

If the price falls below 1.1840 mark, it may go further down to 1.1720.

EURUSD

The pair lowered leaving a local maximum point, following Jerome Powell speech in the Banking Committee in the Senate and the release of strong consumer confidence index data from the Conference Board. The pair may continue falling if the US GDP data turns out strong, and Janet Yellen speech proves positive.

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

Trading recommendations:

If the pair falls below 1.1840 mark, it may lead to the pair’s local decline down to 1.1720.

EURUSD

The pair is at 1.1900 mark amid the expectations of Jerome Powell’s speech in Congress and the news on a coalition government in Germany. If Powell shows adherence the Fed’s current policy, it may put the pair under pressure. However, if he doesn’t mention the topic, the pair may resume its local growth.

The price is above the middle Bollinger band, below SMA 5, but above SMA 14. RSI is moving horizontally below the overbought zone. Stoch are in the overbought territory.

Trading recommendations:

If the price falls below 1.1890 mark, it may lead to a local decline down to 1.1840. At the same time, the pair may go up to 1.2000 following Jerome Powell’s speech.

EURUSD

The pair is noticeably overbought and may fall as the US Senate is expected to pass the new tax law.

The pair is above the middle Bollinger band, above SMA 5 and SMA 14. RSI is moving downwards in the overbought zone. Stoch are leaving the overbought zone.

Trading recommendations:

If the price falls below 1.1900, it may go further down to 1.1850.

EURUSD

The pair remains at 1.1860 mark following the last two days’ growth after the release of the Fed’s latest meeting minutes. But today the situation may change and if the price doesn’t pass 1.1860 mark, it’s likely to reverse downwards.

The price is above the upper Bollinger band, on the level of SMA 5 and above SMA 14. RSI moves horizontally below the overbought zone. Stoch are leaving the overbought territory.

Trading recommendations:

If the price falls below 1.1840 mark, it’s likely to go further down to 1.1715.

EURUSD

On Wednesday the pair spiked following the release of weak data on retail sales in the US and growing doubts that the Fed will continue actively raising the rates in the next year as the inflation is weak. These doubts arose after the release of the latest minutes of the Fed’s monetary policy meeting.

The price is above the upper Bollinger band, above SMA 5 and SMA 14. RSI moves horizontally but remains under the overbought zone. Stoch are already in the overbought territory.

Trading recommendations:

If the pair doesn’t pass 1.1835 mark, there’s a possibility of its correcting to 1.1785.

EURUSD

The pair has started a process of tough consolidation. The investors clearly don’t wish to exhibit any activity before the holiday weekend in the US that begins tomorrow, on Thursday. The pair is likely to move within a narrow range today.

The price is below the middle Bollinger band, above SMA 5, but below SMA 14. RSI is moving horizontally but remains under the level of 50%. Stoch indicate the weakening of growth.

Trading recommendations:

We expect the pair to be trading within the range of 1.1710–1.1765 today. In prospect, we still believe that it will resume falling.

EURUSD

The pair is consolidating with a small decline as the impossibility of Angela Merkel forming the new coalition government in Germany brings forth the prospects of a political crisis. Nonetheless, we’re not expecting the price to fall significantly. It’s more likely that the pair either will move within the range of 1.1720–1.1850, or will pass its lower border and go down if the political news from Germany become threatening for the investors.

The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI moves horizontally but stays under 50& level. Stoch are entering the oversold zone.

Trading recommendations:

If the pair breaches the support line of 1.1720, it may go down to 1.1660–65.

EURUSD

The pair is trading above 1.1720 level amid hopes that the tax reform in the US will be passed. It’s the main factor that influences the USD rate at the moment.

The price is above the middle Bollinger band, above SMA 5 and SMA 14. RSI is reversing upwards and now is at the level of 50%. Stoch are indicating the weakening of decline.

Trading recommendations:

A breakout of 1.1720 level following the positive news from the US may cause the pair to fall down to 1.1670.

EURUSD

It seems today the pair will remain within the range of 1.1575–1.1880, as there’s still an uncertainty regarding the passing of the new tax reform in the US. It’s a significant factor that causes the delay in the further strengthening of the US dollar’s positions on currency markets.

The price is above the middle Bollinger band, above SMA 5 and SMA 14. RSI moves horizontally. Stoch are leaving the overbought zone.

Trading recommendations:

Sell the pair at its growth with a target level of 1.1575.