Analytic reviews

EURUSD

The pair is traded above 1.0740 level pending the release of American GDP final figures for the fourth quarter. Another factor is the Fed’s Evans, Rosengren and Williams announcing the rate increase by four times in total this year.  
The price is below the middle Bollinger band, at the level of SMA 5 and below SMA 14. RSI is below 50% level and moves horizontally. Stoch are above the oversold zone.

Trading recommendations:
The falling of the price below 1.0740 level may lead to its further sinking down to 1.0700 or even to 1.0650 level.

EURUSD

The pair is correcting downwards, staying within the short term upward trend. Its growth is restrained by the lack of fresh positive news on the elections in France. The fall doesn't happen because of the fact that investors are still waiting for the US Congress vote on the future of Obamacare program.

The price is lower than the middle Bollinger band, lower than SMA5 and SMA14. RSI resides on the 50% level and falling. Stoch are non-informative.

Trading recommendations:

If the pair stays below the 1.0775 level, the price may continue the gradual fall to 1.0725.

EURUSD

The pair has reached a local maximum after the first pre-electoral debates in France, where, as reported by the media, the victory went to Macron. However, the pair may correct if there are no positive news for Macron today.

The price is higher than the middle Bollinger band, lower than SMA5, but higher than SMA14. RSI resides under the overbought zone and moving horizontally. Stoch have turned downwards.

Trading recommendations:

If the price falls lower than 1.0780, it can lead to further fall to 1.90725.

GBPUSD

The pair is consolidating above 1.2335. If the governor of the Bank of England M. Carney mentions the possible future problems the country may encounter when exiting the European Union in his comment today, the Pound may fall under pressure.

The price is on the middle Bollinger band, lower than SMA5 and SMA14. RSI resides above the 50% level and moving horizontally. Stoch turned upwards.

Trading recommendations:

If the price falls lower than 1.2335, is can cause further decline to 1.2225.

EURUSD

The pair is trading under 1.0780 level, on  the still remaining hopes that Macron will win the election in France, as it may lower the risks of eurosceptics taking power in Europe, which may push the ECB to reduce stimuli, which, in its turn, will support the Euro. 

The price is higher than the middle Bollinger band, higher than SMA5 and SMA14. RSI resides under the overbought zone and moving horizontally. Stoch are rising.   

Trading recommendations: It can be assumed that if the price doesn't go higher than 1.0780, the probability of its rise up to 1.0820 will decline and it can locally reverse downward and correct to 1.0670.

EURUSD

The pair is trading above the 1.0710 area. The price has risen, reflecting the results of the Fed. meeting, where the plans to increase the interest rate two more times this year were indicated. Nevertheless, the possibility of more active interest rate increase was not confirmed. Despite that, we suppose that the interest rate increase will be restricted and, possibly, it will event correct, as the perspective of the following interest rate uplift will be supporting the US currency.

The price is higher than the middle Bollinger band, higher than SMA5 and SMA14. RSI resides on the border of the overbought zone. Stoch are in reverse, residing in the zone.

Trading recommendations:
The fall of the price lower than 1.0710 level, it will be followed by correction to 1.0675 with a possible fall, reaching 1.0600.

EURUSD

The pair is trading higher than 1.0600, awaiting for the results of the 2-day Fed. meeting on the interest rates. The interest rate hike is already reflected in the quotes, but any prognosis regarding the preservation of the current increase rate this year or even its acceleration will support the US currency. 

The price is lower than the middle Bollinger band, higher than SMA5, but lower than SMA14. RSI is rising and resides just above the 50% level. Stoch have left the oversold zone.

Trading recommendations:
If the price falls lower than 1.0600 following the positive news from the Fed., a further decline may be triggered, with the pair reaching 1.0530 or even 1.0500.

EURUSD

The pair couldn't stay above the 1.0700 area. It has all chances to continue its decline amid the US interest rate hike and suggestions that the active cycle of the interest rate hikes this year will continue. 

The price is higher than the middle Bollinger band, higher than SMA5 and SMA14. RSI is falling. Stoch are also residing in the oversold zone.  

Trading recommendations:
The price fall lower than 1.0640 may cause further decline to 1.0600. Positive news coming from the Fed will be able to bring it down to 1.0500.

The pair is above 1.0700 level as the ECB is speculated to lower the stimuli or even cancel them the next year if a liberal candidate wins the presidential election in France. The pair is also getting support because of the profit taking before the Fed meeting on interest rates that is to be held on Tuesday and Wednesday.

The price is above the upper Bollinger band, above SMA 5 and SMA 14. RSI is in the oversold zone and continues to grow. Stoch are also in the oversold zone.

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Trading recommendations: If the pair maintains the position above 1.0700 level, it may rise up to 1.0750 before the Fed meeting.

EURUSD

The pair is higher than 1.0575 level awaiting for the unemployment data and the number of new workplaces in the US. It is assumed that the American economy will gain 190 000 new workplaces and the unemployment rate will fall from 4.8% to 4.7%. If the data is much stronger than expected, the price will keep falling all the way down to the lower range border 1.0500-1.0630.

The price is higher than the middle Bollinger band, higher than SMA5 and SMA14. RSI resides higher than 50% level and turning downwards. Stoch are non-informative.

Trading recommendations: If the price falls lower than 1.0575, it may lead to its further decline to 1.0530 and even to 1.0500.