Analytic reviews

EURUSD

The pair is trading inside the 1.1165-1.1275 range. At the moment it is receiving support from a still strong conviction that by the fall the ECB changes its monetary policy action and after the elections in Germany it will decide to reduce the stimulus or even elevate the interest rate. 

The price is at the middle Bollinger band, on the SMA 5 level and higher than SMA 14. RSI resides on the 50% level and moving horizontally. Stoch are leaving the overbought zone.

Trading recommendations:
Today the pair may remain within the 1.1165-1.1275 range, but if it falls lower than 1.11675 it may fall to 1.1100-10.

EURUSD

The pair is trading below the 1.1175 level amid the rising expectations regarding the US dollar surge after the release of the Fed. meeting results.

The price is lower than the middle Bollinger band, lower than SMA 5 and SMA 14. RSI resides under the 50% level and falling. Stoch are leaving the oversold zone.

Trading recommendations:
We expect the price to continue falling to 1.1110, and then to 1.1060.

GBPUSD

The pair is trading under the 1.2800 level prior to the release of the Bank of England monetary policy meeting results. We expect that the interest rate remains unchanged while the Bank is unlikely to announce changes in the current monetary policy in the nearest future.

The price is higher than the middle Bollinger band, lower than SМА 5, but higher than SMA 14. RSI resides under the 50% level and gradually falling. Stoch are falling.   

Trading recommendations:
We assume that if the Bank of England doesn't give any hopes for the change in the monetary policy in the nearest future, the pair will be falling, reaching first 1.2700, and then 1.2595, which will equal 38% and 50% Fibonacci retracement.

EURUSD

The pair is trading inside the 1.1175-1.1225 range, expecting the results of the Fed. meeting. The market is expecting that the interest rate will be elevated, which is probably already considered in the price. But the most important information will be the Fed.'s plans for the future. If it becomes evident that the interest rate will continue rising, it can provide support for the US Dollar.

The price is higher than the middle Bollinger band, higher than SMA5 and SMA14. RSI resides below 50% level and moving horizontally. Stoch are rising.

Trading recommendations:
We assume that if the pair breaches the 1.1175 level, there is a possibility of further fall to 1.1110 and possibly to 1.1060.

EURUSD

The pair is trading within the 1.1165-1.1275 range, while the market is waiting for the results of the Fed. meeting. Investors are not willing to risk and open large volume trades prior to the Fed. meeting on the monetary policy. The market has no doubts that the interest rate will be elevated, but what interests the market at this point — are the further actions on the tightening of the monetary policy.

The price is higher than the middle Bollinger band, higher than SMA5 and SMA 14. RSI resides under the 50% level and rising. Stoch are turning upwards, leaving the oversold zone. MACD is also going up.

Trading recommendations:

We assume that the pair remains inside the 1.1165-1.1275 until the Fed. meeting takes place. If the bank signals the elevation of the interest rate one more time this year, it will put the pair under pressure and it can fall to 1.1075, leaving the range.

EURUSD

The pair is trading low but above the 1.1175 level amid the announced results of the ECB monetary policy. We expect the fall to continue following the pound sterling and the US interest rate hike, which is expected to happen next week with 95.8% probability.

The price is lower than the middle Bollinger band, lower than SMA5 and SMA14. RSI resides above the oversold level. Stoch are turning upwards, leaving the oversold zone.

Trading recommendations:
We assume that the pair may fall to 1.1100, and then possibly to 1.1025, once the 1.1175 level is breached. 

EURUSD

The pair is trading near the local maximums inside a very narrow range 1.1235-11280, where it will probably stay until the results of the ECB monetary policy meeting are announced. 

The price is lower than the middle Bollinger band, higher than SMA 5, but lower than SMA 14. RSI resides above the 50% level and moving horizontally. Stoch are turning downwards, inside a triangle. 

Trading recommendations:
We suppose that it will pressure the pair, which can fall to 1.1100 once the 1.1235 level is breached and then, possibly — to 1.1025.

EURUSD

The pair is trading near the local maximums inside a very narrow 1.1235-11280 range, where it will probably stay until the ECB monetary policy meeting and the general election in Britain.

The price is higher than the middle Bollinger band, lower than SMA 5 and SMA 14. RSI resides above the 50% level and moving horizontally. Stoch are falling.

Trading recommendations: 
At the moment we are waiting for the results of the ECB meeting the election in Britain. We suppose that they will put the pair under pressure and if it goes lower than 1.1235, it may fall to 1.1100.

EURUSD

The pair is trading near the local maximums amid the wait for the results of the ECB meeting on the monetary policy, which is scheduled for the 7-8th of June. The pair is supported by the "weakness" of the US dollar and the market's hopes that the ECB may announce the start to a decrease of stimulus in the near future.

The price is higher than the middle Bollinger band, higher than SМА 5 and SMA 14. RSI resides above the 50% level and moving horizontally. Stoch are rising.

Trading recommendations:
The pair will probably remain inside the 1.1165-1.1265 range us till the ECB meeting. But there's also a chance of it correcting to 1.1165.

EURUSD

The pair keeps gradually decreasing amid the possible US interest rate increase during the meeting on 13-14 June. It also reacts to the technical signal — the divergence between oscillators and the price.

The price is lower than the middle Bollinger band, lower than SMA5 and SMA14. RSI resides under the 50% level and falling. Stoch are entering the oversold zone.

Trading recommendations:
Sell the pair, considering a possible fall to 1.1100, and then to 1.1020.