Analytic reviews

EURUSD

The pair reversed downwards following the release of strong data on the consumer inflation in the US. It’s possible that if today’s consumer inflation data in eurozone don’t indicate any growth or even drop, the pair will continue falling.

The price is above the middle Bollinger band, below SMA 5, but above SMA 14. RSI is falling. Stoch are entering the oversold zone.

Trading recommendations:

If the pair goes down below 1.1775 mark, the price may fall down to 1.1660.

EURUSD

The pair has reached a local maximum thanks to the strong eurozone and Germany GDP data that was released yesterday, but the situation may change if today’s consumer price index in the US turns out above the predicted level.

The price is above the middle Bollinger band, above SMA 5 and SMA 14. RSI is in the overbought zone and is reversing downwards. Stoch are indicating the same dynamics.

Trading recommendations:

If the US data is positive and the pair, as it’s technically overbought, goes down below 1.1775, the price may fall down to 1.1660 mark.

EURUSD

The pair is trading below 1.1685 as German and eurozone GDP data is expected to be released. It’s possible that the figures will turn out higher than predicted, which will lead to a local growth of the pair, but if the data is as predicted or lower, the pair will fall.

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

Trading recommendations:

If the released data is positive, a breakout of 1.1685 level may cause the pair to move up to 1.1725. At the same time, if the figures turn out as predicted or lower, the pair will go down to 1.1600, and then possibly further down to 1.1550.

EURUSD

The pair is still trading within the range of 1.1550–1.1670. The delay in passing of the new tax law in the US and the absence of important economic data are causing the pair to consolidate. The pair is likely to remain within this range today.

The price is above the middle Bollinger band, below SMA 5, but still above SMA 14. RSI is above the overbought zone and is reversing downwards. Stoch are moving down.

Trading recommendations:

Sell the pair with a likely target of 1.1550.

EURUSD

The pair is still trading within the range. This tendency is likely to continue today, as the results of the new tax code discussion in the US Congress are expected to be revealed.

The price is above the middle Bollinger band, above SMA 5 and SMA 14. RSI is below the overbought zone and is reversing downwards. Stoch indicate a weakening growth.

Trading recommendations:

Sell the pair with a possible target of 1.1550.

EURUSD

The pair is likely to remain in the range until the end of the week as there are no important events and economic statistics data. But ultimately there’s a possibility of its falling.

The pair is above the middle Bollinger band, above SMA 5 and SMA 14. RSI is above 50% level and moves horizontally. Stoch are reversing upwards.

Trading recommendations:

Sell the pair at the growth from 1.1660, trading in the range with a possible target of 1.1550 and a possible drop down to 1.1475.

EURUSD

The pair is trading at 1.1615 level. The market is waiting for new signals regarding Donald Trump’s planned tax reform, and also for the new statistics from the US. Considering the general outlook, the pair is likely to continue falling.

The price is below the middle Bollinger band, above SMA 5 and SMA 14. RSI is above 50% level and moves horizontally. Stoch are growing.

Trading recommendations: 

Sell the pair at the growth from 1.1615 with possible targets of 1.1550 and 1.1475.

EURUSD

The pair is trading lower as the prospects of the Fed and the ECB monetary policies diverge.

The pair is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is moving down, now below 50% level. Stoch are reversing downwards.

Trading recommendations:

If the pair falls below 1.1585, it’s highly likely to go further down to 1.1550 and then to 1.1500.

EURUSD

The pair is trading at the level of 1.1665. If the US data on the number of new workplaces in non-agricultural sector turns out to be positive, USD will receive support, in which case the price may experience a local decline.

The price is above the middle Bollinger band, above SMA 5 and SMA 14. RSI is above 50% level and moves horizontally. Stoch are reversing downwards.

Trading recommendations:

If the US data turns out to be positive, the pair may fall down to 1.1550.

GBPUSD

The pair is trading at 1.3275 level. If the British central bank raises the rates, the pair may experience a limited growth. However, if Mark Carney, the Governor of the Bank of England, announces that the further raise of borrowing costs is unlikely, the effect will be opposite. In this case, the pair will be highly likely to plummet.

The price is above the middle Bollinger band, above SMA 5 and SMA 14. RSI is above 50% level and moves horizontally. Stoch are growing.

Trading recommendations:

The aforementioned scenario will lead to the price falling down to 1.13190.