Analytic reviews

EURGBP

The pair is in a short downtrend as the ECB is expected to stop stimulating the Eurozone's economy in 2018.

The price is below the middle Bollinger's band, above SMA 5, but below SMA 14. RSI is below the 50% level and moves horizontally. Stoch are leaving the oversold zone.

Trading recommendations:

The pair may continue falling to 0.9100 following the results of the ECB meeting this Thursday after 0.9150 level is broken.

EURUSD

The pair continues to consolidate after yesterday's short growth as the weak data of PCE inflation indicator was released in the US.If today's US employment data turns out to be better than predicted, it may result in a local support for USD.

The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is below 50% level and is going down. Stoch are leaving the overbought zone.

Trading recommendations:

If the US figures turn out positive today, the pair may resume falling down to 1.1685.

EURUSD

The pair is consolidating as the US Department of Labor is expected to release the new data on the number of created jobs. It's likely to trade flat, above 1.1850 mark.

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

Trading recommendations:

The pair is likely to consolidate above 1.1850 mark, but the breakout of this level will lead to the pair dropping to 1.1685 in the nearest future.

EURUSD

The pair is correcting as it's strongly technically overbought. Another key factor is the expectation of the results of the ECB monetary policy meeting on September 7th.

The price is above the middle Bollinger band, below SMA 5 and SMA 14. RSI is moving downwards. Stoch are also going down.

Trading recommendations:

The pair may correct to 1.1880 level or even to 1.1865 after it goes below 1.1950 mark.

EURUSD

The pair has reached 1.2030 mark. It's likely that it is going to correct downwards before attempting to grow further as the result of being technically overbought.

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

Trading recommendations:

The pair may correct down to 1.1945 level and then resume its growth up to 1.2100.

EURUSD

The pair is trading above 1.1885 level. There's a potential for further growth, despite the fact that it's locally overbought. It's supported by the USD's pervasive weakness and the hopes of ECB announcing the decision to decrease or to stop entirely the economy stimulation in 2018.

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

Trading recommendations:

The pair may correct to 1.1885 level and then continue its growth if it remains above the said level.

EURUSD

The pair is trading in the range of 1.1685-1.1825. It is expected to come under pressure as the result of Mario Draghi's Jackson Hole speech that is likely to articulate ECB's concern regarding the Euro's strong growth.

The price is below the middle Bollinger band, below SMA 5 and SMA 14. RSI is passing 50% level downwards. Stoch have reversed downwards.

Trading recommendations:

Today the pair may correct downwards to 1.1685 and then even further down to 1.1600.

EURUSD

The pair is trading in the range of 1.1685-1.1825. It will probably remain there up until Mario Draghi's speech this Friday. However, if the speech proves to be unfavorable for the market, the pair will come under pressure.

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

Trading recommendations:

The pair may correct downwards to 1.1750 today.

EURUSD

The pair stands still as Mario Draghi is expected to deliver a speech at 7 PM (GMT). If the speech indicates the cease of the eurozone's economy stimulation, the price is expected to rise. At the same time, if the decision is postponed, the pair is likely to drop.

The price is below the middle Bollinger band, at the level of SMA 5, but below SMA 14. RSI is below 50% level and moves horizontally. Stoch are leaving the oversold zone.

Trading recommendations:

The Draghi's speech turns out to be favorable for the Euro, the pair is expected to rise up to 1.1825 with a possibility of further growth up to 1.900, but if this is not the case the pair will come under pressure and the price will drop down to 1.1685 and then possibly to 1.1600.

EURUSD

The pair is reversing downwards while remaining in the range of 1.1685-1.1830. It's under pressure as the ECB is no longer expected to decide this September to stop stimulating the eurozone economy in 2018.

The price is above the middle Bollinger band, below SMA, but still above SMA 14. RSI has reversed downwards. Stoch are leaving the overbought zone.

Trading recommendations:

If the price passes 1.1780 level, it may drop further down to 1.1685.